RadioShack


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RadioShack

(RadioShack Corporation, Ft. Worth, TX, www.radioshack.com) A retailer of consumer electronics that started in 1919 as Tandy Corporation, a family leather business. In 1963, Tandy acquired Radio Shack in Boston, which was founded in 1921 to serve the ham radio market. By the 1960s, Radio Shack was floundering.

In 1977, the company introduced one of the first personal computers, the TRS-80 Model I, and more than 200,000 were sold in four years. Tandy's Model 100 and 200 lightweight portables were also the inspiration for the laptop generation. Its first computers were proprietary, and its initial PCs were non-standard. However, starting with the Model 1000 in 1984, Tandy offered a full line of IBM-compatible PCs.

In 1993, Tandy sold its PC manufacturing facilities to AST and began to eliminate the Tandy brand on its machines. In 2000, its name was concatenated to become RadioShack Corporation. While heavily promoting cellular phones, RadioShack continued to offer radio gear, home entertainment products, computers and accessories, as well as parts for the electronics hobbyist.

In 2015, after the company declared bankruptcy, it was acquired by General Wireless Operations, Inc., and partnering with Sprint, co-branded stores were opened. However, in 2017, a second bankruptcy shuttered almost all retail venues, but the online business remained. In 2018, a partnership with HobbyTown was created to put RadioShack Express stores within HobbyTown locations.


One of the First Personal Computers
In 1977, Tandy's Radio Shack division introduced one of the first personal computers, the TRS-80. It became widely used in small business and was a major contributor to the personal computer explosion. (Image courtesy of RadioShack Corporation.)







One of the First Portable Computing Devices
In 1983, the Model 100 Micro Executive Workstation weighed in at four pounds and included a built-in word processor, address list and modem. It was inspiration for the portable computers to come. (Image courtesy of RadioShack Corporation.)
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References in periodicals archive ?
Its partnership looks to introduce RadioShack to the suburban market.
RadioShack is a leading national retailer of innovative technology products and services, as well as products related to personal and home technology and power supply needs.
"We are excited to be moving forward as a new and reinvigorated company under one of the most recognized consumer brand names of all time," said Ron Garriques, Chief Executive Officer of RadioShack. "Our stores serve over 1,200 communities, providing high-quality, high-value consumer electronics and accessories from globally recognized manufacturers and increasingly, with this acquisition, from exclusive brands that our customers know and trust such as Realistic[R], AUVIO[R], ENERCELL[R] Optimus[R] and more."
Less sensitive purchase records were expunged after three years in some cases, but RadioShack kept them "indefinitely" if customers bought a warranty, so if you bought insurance on your television in 1998, RadioShack remembers.
According to the Journal, RadioShack executives attempted to convince suppliers and lenders to renegotiate agreements, without success.
has a deal with Standard General to open mini-shops in as many as 1,750 of the RadioShack stores Standard General is buying.
RadioShack said in a statement that the Standard General affiliate, called General Wireless, would acquire between 1,500 and 2,400 of its 4,100 stores.
The full list of franchise concepts follows: Edible Arrangements, Jan-Pro Cleaning Systems, Panda Express, Pretzelmaker, Russo's New York Pizzeria, Title Boxing Club, World of Beer, Great American Cookies, Marble Slab Creamery, PJ's Coffee, RadioShack, Tilted Kilt Pub & Eatery, Tutor Doctor, and Wow Cafe.
"We are extremely pleased to have a finance professional with John's experience join us as we move forward with our turnaround plan," RadioShack chief executive officer Joe Magnacca comments.
Under the agreement, the banking company will continue to provide service-enhancing solutions and analytics in support of RadioShack's targets for growth.
(NYSE: DDS), Sears Holdings Corporation (NASDAQ: SHLD), Dollar General Corporation (NYSE: DG), and RadioShack Corp.