Are there any Radio Shacks still in business?

About 400 RadioShack locations remain open, but operate independently from the REV-owned parent company.

Is RadioShack still open 2020?

Is RadioShack still in business 2019?

Founded in 1921, RadioShack filed for bankruptcy twice between 2015 and 2017, left in the dust by other electronics retailers like Best Buy Co. Inc. and Amazon.com Inc. The company now operates primarily as an online retailer but still has a network of about 400 stores owned by independent dealers.

How did Radio Shack fail?

The company had too many stores that cannibalized revenues from each other and generated losses. RadioShack failed to adapt and stay relevant when most electronics sales shifted online, and the retailer was stuck in brick-and-mortar locations only.

Is Radio Shack coming back?

RadioShack is coming back. Retail Ecommerce Ventures has acquired assets and marketing materials from Radio Shack and plans to relaunch the iconic brand as an online-only property.

How much did Tai Lopez buy Radio Shack for?

In May 2015, the acquisition of the “RadioShack” name and its assets by General Wireless for US$26.2 million was finalized.

When did the last Radio Shack close?

In February 2015, RadioShack (RSHCQ), a renowned electronics store, filed for Chapter 11 bankruptcy protection following many financial and operational missteps. The company had too many stores that cannibalized revenues from each other and generated losses.

Does Tai Lopez own Radio Shack?

In the latest news on the Radio Shack story, it has been purchased by Retail Ecommerce Ventures. Phil and Limor took some time to interview Tai lopez, the Executive Chairman of the company. He shares a bit of his vision of the future of Radio Shack, though it is clear that the concept is still evolving.

What happened Radio Shack?

In February 2015, RadioShack (RSHCQ), a renowned electronics store, filed for Chapter 11 bankruptcy protection following many financial and operational missteps. RadioShack failed to adapt and stay relevant when most electronics sales shifted online, and the retailer was stuck in brick-and-mortar locations only.