RadioShack isn’t going out of business forever (yet), but instead may live on as a brand in co-branded stores with mobile provider Sprint. the electronics chain is holding liquidation sales in many of the stores they’re working to close. Yet at the same time that the company is preparing to shut about half of their stores, they’ve sought permission from the bankruptcy court to pay out about $3 million in bonuses. [More]
Search results for: "The Shack"
Here’s A List Of Proposed RadioShack Store Closings
By 2.6.15
No one who has been paying attention to retail news is surprised that RadioShack filed for Chapter 11 bankruptcy protection yesterday, and that the chain plans to close about half of its stores. Yet you may be wondering: what if I need a soldering kit or a cordless phone battery at 4 P.M. on a Friday? How many of the Radio Shacks near me are going out of business? [More]
There Are Some RadioShack Stores That Are Very Successful
By 2.6.15
The last week has been full of RadioShack-related doom, from the New York Stock Exchange starting to delist the company to rumors of its inevitable bankruptcy and its actual bankruptcy. What most people don’t realize when joking about the doomed nature of Radio Shack, though, is that there are about a thousand Radio Shack-branded stores that are doing quite well, and will continue to do so even if the Shack brand disappears. They’re small-town retailers that serve as Radio Shack dealers. [More]
Yep, RadioShack Declared Bankruptcy Today
By 2.5.15
In a completely unsurprising piece of news, RadioShack, a retailer that used to periodically sell some electronics, has filed for Chapter 11 bankruptcy, as predicted. Negotiations earlier this week resulted in an agreement where wireless carrier Sprint will take over about half of the chain’s stores, and the other half will close. [More]
Prison Inmate Gives Guards The Slip While Transport Bus Is Stopped At Pizza Hut
By 2.5.15
Everyone knows that rumble in your stomach that means that it’s time to eat, but federal prison guards ended up paying a hefty price for allaying their hunger pangs pizza, after a shackled inmate managed to escape while the transport van was stopped at a Georgia Pizza Hut. [More]
Report: Amazon Wants To Buy Some RadioShack Stores, Too
By 2.3.15
RadioShack built its brand by creating a vast nationwide network of stores across the country: they still have 4,300 of them, which has been a significant burden for the company as it has struggled to stay relevant and make money. As the Shack prepares to declare Chapter 11 bankruptcy, those stores are a tempting asset for other retailers looking to expand their retail footprints, like mobile carrier Sprint…and now Amazon. [More]
New York Stock Exchange Sends Warning Letter To Radio Shack
By 1.23.15
The New York Stock Exchange has standards for the stocks that it lists, including minimum corporate income or how much all shares of a company can be worth. As RadioShack slides toward bankruptcy, the NYSE has warned the company that it’s about to slide off the stock exchange, too. [More]
Shake Shack To Go Public, Become Subject Of Endless “I Ate There Before…” Rants
By 12.29.14
If you live in a city that doesn’t have a Shake Shack, you probably have a friend (or a Facebook acquaintance) who has remarked on how much better the food is there than at other burger joints. Now comes the news that Shake Shack is going public and planning to continue its growth, meaning you may finally be able to judge for yourself, but that the aforementioned friend will now regularly refer to how he or she used to wait in line for hours when there was only one Shack blah blah blah. [More]
RadioShack Revises Thanksgiving Plan, Will Give Workers Five Hour Break To Spend With Families
By 11.12.14
Yesterday, RadioShack announced that it would be opening at the early hour of 8 a.m. on Thanksgiving morning, causing employees to complain about losing their holiday and many shoppers to ask why anyone would ever want to go to RadioShack at 8 a.m. ever. Now the Shack is changing its mind on that plan, but rather than simply opening later, the retailer will be closing for a few hours during the afternoon. [More]
Radio Shack May Run Out Of Cash, Fail To Turn Itself Around
By 7.30.14
Back in June, we learned that part of Radio Shack’s turnaround plan is to start in-store repair counters for mobile devices as a bid for relevance and an attempt to offer at least one thing that no other retailer does. However, the credit-rating agency Moody’s doesn’t think that Radio Shack has enough cash to make it through 2015, let alone turn itself around by then. [More]
Radio Shack Wants To Fix Your Phone, Its Business Model
By 6.11.14
We’ve followed Radio Shack’s ongoing quest for relevance here at Consumerist for most of the last decade. A focus on mobile gadgets hasn’t helped, since mobile phones and plans are sold almost everywhere. The company’s second-quarter results show that its funny Super Bowl ads didn’t help, either. What can Radio Shack offer that no one else has? [More]
RadioShack Won’t Close As Many Stores As It Had Originally Planned
By 5.9.14
First, RadioShack said it would close around 500 stores, then more than doubled that number a few weeks later, saying it would shutter 1,100 locations around the country. Now that number is in doubt, but not because the company’s leadership believes wants to keep more stores open. [More]
As RadioShack Closes Stores, CEO To Get $500K Retention Bonus
By 3.5.14
While thousands of RadioShack employees got the bad news yesterday that the beleaguered electronics chain would be shuttering 1,100 stores, there are at least five Shack staffers who can not only feel secure about their jobs, but who will each be getting hundreds of thousands of dollars just to stick around. [More]
RadioShack Closing Up To 1,100 Stores Across The Country
By 3.4.14
UPDATE: RadioShack tells Consumerist there’s no list for now — but stay tuned: “We are not releasing a store closing list at this time. However, RadioShack will maintain market coverage as part of this plan, with more than 4,000 U.S. stores in the RadioShack footprint. We will have information to share in the future.” [More]
Price-Matching At Radio Shack, Where It’s Always 1992
By 2.6.14
Matthew normally buys electronics online, but likes to get his family’s mobile phones from the local Radio Shack. They’re friendly, helpful, and price-match brick-and-mortar competitors, so why not support keeping local people employed? The last time he stopped by to buy a new phone, though, his price-matching plans went awry. [More]
RadioShack Is Still Around, But Reportedly Closing 500 Stores
By 2.4.14
If you were still paying attention after the first quarter of Sunday’s Super Bowl, and not in the kitchen preparing or gorging on snacks, you might have seen one of the few mildly amusing ads to air during the game. It featured a RadioShack being dismantled by various ’80s icons and emerging from the ashes as a relevant store that doesn’t just sell batteries and cables you can get much cheaper online. Well, according to a new report, the first part of that ad will soon be coming true for hundreds of Shack locations, except it won’t be Cliff Clavin and Hulk Hogan clearing the shelves. [More]
How Does A $1,000 Loan Blow Up Into $40,000 Of Debt?
By 12.13.13
We’ll never advise that anyone take out a payday or installment loan with an interest rate of 240%, but if you do find yourself taking out one of these ridiculously high-interest loans, know that defaulting on the payments can land you in the courthouse, where you could end up buried beneath a mountain of debt from which you’ll never dig out. [More]
Police: RadioShack Worker Punched Customer For Being Sarcastic
By 10.2.13
We get it — sarcasm flows from your lips like it’s your mother tongue. But not everyone is appreciative of such a tone — crazy, I know. See, that was sarcasm, used in the right setting. The wrong setting was apparently a RadioShack for one customer, who told police a worker walloped him for being sarcastic. [More]
