0

Despite multiple bankruptcies, RadioShack continues to find ways to keep the lights on

The Shack is back! It seems even a second bankruptcy was not able to keep RadioShack down. Whereas the first bankruptcy was saved largely by a deal with Sprint, this solution is going to look a little different. The New York Post ran a good summary of how this is all coming together.

“We came out of bankruptcy with 400 dealers, our online business, and a distribution center,” said Steve Moroneso, chief executive of General Wireless, an affiliate of hedge fund Standard General, which acquired RadioShack in 2015.

This means that RadioShack will no longer be owning and operating any stores. It’s shuttered all brand owned retail locations and is leaning on its 400 dealers (essentially franchises). But it’s also incorporating another retail solution entirely:

The hobbled 97-year-old chain has signed a deal with HobbyTown USA to open “express stores” inside 50 of its partner’s stores, both companies said Friday.

The HobbyTown arrangement will allow RadioShack to increase its footprint beyond its dealers. And what does HobbyTown get? RadioShack not only has brand recognition, but will also be bringing in its cell phone repair service which will add unique value to the store’s retail offerings.

According to the Post report, there is still a strong interest in the franchise model. Between that and the HobbyTown partnership it isn’t just nostalgia that’s keeping RadioShack going – many customers and, perhaps equally as important, partners are still finding value in the brand, products, and assets.

Read the whole story here.


Stop breadboarding and soldering – start making immediately! Adafruit’s Circuit Playground is jam-packed with LEDs, sensors, buttons, alligator clip pads and more. Build projects with Circuit Playground in a few minutes with the drag-and-drop MakeCode programming site, learn computer science using the CS Discoveries class on code.org, jump into CircuitPython to learn Python and hardware together, or even use Arduino IDE. Circuit Playground Express is the newest and best Circuit Playground board, with support for MakeCode, CircuitPython, and Arduino. It has a powerful processor, 10 NeoPixels, mini speaker, InfraRed receive and transmit, two buttons, a switch, 14 alligator clip pads, and lots of sensors: capacitive touch, IR proximity, temperature, light, motion and sound. A whole wide world of electronics and coding is waiting for you, and it fits in the palm of your hand.

Join 9,200+ makers on Adafruit’s Discord channels and be part of the community! http://adafru.it/discord

CircuitPython – Python on Microcontrollers is here!

Have an amazing project to share? Join the SHOW-AND-TELL every Wednesday night at 7:30pm ET on Google+ Hangouts.

Join us every Wednesday night at 8pm ET for Ask an Engineer!

Follow Adafruit on Instagram for top secret new products, behinds the scenes and more https://www.instagram.com/adafruit/


Maker Business — Japanese word working and more in December’s issue of HackSpace magazine!

Wearables — Solder-less magic

Electronics — = != ==.

Biohacking — Finding Bliss with Anandamide

Python for Microcontrollers — sysfs is dead! long live libgpiod! libgpiod for linux & Python running hardware @circuitpython @micropython @ThePSF #Python @Adafruit #Adafruit

Get the only spam-free daily newsletter about wearables, running a "maker business", electronic tips and more! Subscribe at AdafruitDaily.com !



No Comments

No comments yet.

Sorry, the comment form is closed at this time.