[Scan-DC] Radio Shack going.

[John Wilson]

No surprise here.  Radio Shack has been on financial "life support" for 
over two years using "emergency" joint investor's funds which finally 
ended..  The RS decline had been increasing over the past 10+ years when 
RS top management decided they wanted to expand their product lines, be 
a Circuit City and Best Buy "wannabe" and get out of the scanner 
business.  RS also faced increasing competition from the internet for 
electronic parts, etc.

Remember when RS decided to get out of the scanner business with private 
labeling by GRE?  Uniden only had few nationwide walk in stores where a 
potential customer could see and purchase radio analog/digital 
scanners.  However, RS had over 2,000 stores.  Then when GRE digital 
scanners were selling like hotcakes RS top management realized they had 
screwed up and asked GRE to again start manufacturing scanners for them 
meanwhile scrambling trying to obtain and sell Uniden digital scanners.  
The reactivation of GRE scanners private labeling did not happen as GRE 
went out of business not too long afterward.

This is another monument partially to bad top management and also 
changing times in technology and the culture as most home electronic 
construction projects peaked and dwindled years ago.

Most of the RS stores are company owned and many will be leased or sold 
to Sprint.

John

Ray DeVous wrote:
> They just said on NBC4 that Radio Shack filed for Chapter 11 this 
> evening and will be selling their stores!
>
> Ray
>
>
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