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rfields5421
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Radio Shack - Bankruptcy And Liquidation Rumors

Tue Feb 03, 2015 4:37 am

News in Dallas/ Fort Worth is that Radio Shack will sell half its stores to Sprint and close the rest. The company will be liquidated.

The rumors have been flying for a couple weeks - but newest stories are that it will happen in the next couple days.

The stock is being de-listed - and trading has been suspended.

Another business which failed to react to the new technology and the modern world many will say.

But Radio Shack was the technology store for many years. Anyone remember the 'Trash 80'.

I had one at work - fantastic computer for the time.

First computer I ever bought was a Tandy 8088 IBM clone.

Even a few weeks ago when I needed an obscure electrical part - I found it at Radio Shack.

It will be sad to see the name and stores gone forever.

I realize this mainly applies to old farts fond memories.
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Superfly
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Tue Feb 03, 2015 5:02 am

Surprised they lasted this long.
On my last trip to the US last month, I stopped by a Radio Shack and was really disappointed that I could no longer rely on them for the old technology. I bought a small bottle of tape head cleaning solution.
They were the last holdout for many great old technologies.
In 2006, I bought brand new a Slimline corded telephone. It was the first push-button telephone from the 1970s an they kept the robust, hard plastic telephone with real bell inside all the way till 2007. I still have that telephone an brought it here to Bangkok. It sounds crystal clear and I use it for long-distance calls to the US an local business calls when calling other landlines.

In 2004 - 2005, they were the last to stock METAL bias Type IV blank cassette. I bought up as many as I could an have a stockpile now. They sale for a lot of money on Ebay today.
They were really TDKs.

They were the last to sale brand new blank reel-to-reel tape up till about 2008.

They were the last to make brand new blank 8track tapes up till 1994. I bought up a bunch of those as well. Those also sale for a lot on Ebay. Radio Shack made the very last 8track player up till 1991.

Up until very recently, they even sold splicing blocks for tapes, sensing foil and demagnetizers.

Radio Shack was also the last hold out for blank Betamax tape.

Once Radio Shack stopped selling these items, there was no reason to continue shopping there.

Quoting rfields5421 (Thread starter):
Anyone remember the 'Trash 80'.

Yep. They were the computers we used in our 'Computers' class when I was in 7th grade (1985-1986).
I can't use any of those skills I learned in that class today.
I learned how to print out a happy face in DOS on a daisy wheel printer.
I never list that on a resume.
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fr8mech
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Tue Feb 03, 2015 5:05 am

Worked for Radio Shack back in '85 & '86. Not the best experience in my life. Taught me I was not a person that was cut out for sales work...or dealing with the public in general.

This was really a long time coming. Ironically, I believe it was (is) the Internet that kills Tandy. They should have closed the majority of storefronts a long time ago and moved to a mail order model. Even that may not have saved them, but it would have shown that management was a little more forward thinking than they are.
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Ken777
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Tue Feb 03, 2015 5:43 am

I hate to see them go under as they have delivered good service for many years. I can see a lot of big time sales when they hit and then all inventory going to a low bidder.

I'll try to drop by our local store to see what they say. Nota high volume store, but they always have a few customer cars in their small lot.
 
Superfly
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Tue Feb 03, 2015 8:18 am

Quoting fr8mech (Reply 2):
Worked for Radio Shack back in '85 & '86. Not the best experience in my life.

That was back when you were required to ask for the address of every single customer !   
Why did they require that? Even if you were just buying a pack of AA batteries an paid cash, they were required to ask for your address!   
Even when I was a repeat customer at the same store and the clerk recognized me, they would ask that question.
That was very annoying an probably why many people avoided shopping there.
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fr8mech
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Tue Feb 03, 2015 9:20 am

Quoting Superfly (Reply 4):
That was back when you were required to ask for the address of every single customer !

Yup, hated every second of it.

Quoting Superfly (Reply 4):
Why did they require that? Even if you were just buying a pack of AA batteries an paid cash, they were required to ask for your address!

Because, soon after you provided the happy, smiling associate your name and address, you received an advertising flyer, similar to those you would get out of the Sunday paper. I suspect the phone number was used to cross-reference and reduce the number of duplicate mailings.

Quoting Superfly (Reply 4):
Even when I was a repeat customer at the same store and the clerk recognized me, they would ask that question.

Random, checks by the manager and the district staff helped keep up the compliance.

We never did the data entry at the store, but every single hand-written receipt was forwarded to district office. The receipts went in a different mailing than the store's operating reports for the day.
When seconds count, the police are minutes away, or may not come at all.
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Skydrol
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Tue Feb 03, 2015 9:25 am

Quoting Superfly (Reply 4):
That was back when you were required to ask for the address of every single customer !
Why did they require that? Even if you were just buying a pack of AA batteries an paid cash, they were required to ask for your address!

In Canada (and I will assume in the US), this was so that they would mail their sale flyers to you.
I believe the full annual catalog was only available in the RS stores though.




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Superfly
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Tue Feb 03, 2015 9:38 am

Quoting fr8mech (Reply 5):
Yup, hated every second of it.
Quoting Skydrol (Reply 6):
In Canada (and I will assume in the US), this was so that they would mail their sale flyers to you.
I believe the full annual catalog was only available in the RS stores though.

I know the reasoning why they did this but they kept asking over & over & over again!
It was the same address every freaking time!  Wow!
After a while, I starting leaving my high school address. Once I left the address of the exact same store an the clerk didn't figure that out.
When I was a senior in high school (1990-1991), I had worked at a Sam Goody Records an every payday (every 2 weeks), I'd buy a few blank 8track tapes - Cat. No 44-841A.
The clerks were either surprised they still sold them and/or tried to up-sale me on one of their new compact disc players. I always laughed at them because I'd tell them that no one wants their new products. We like Radio Shack for their old technology.
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fr8mech
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Tue Feb 03, 2015 9:47 am

Quoting Superfly (Reply 7):
I know the reasoning why they did this but they kept asking over & over & over again!

Because the folks that would audit the store didn't know that I knew you and that you were a member of the battery of the month club.
When seconds count, the police are minutes away, or may not come at all.
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Superfly
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Tue Feb 03, 2015 10:08 am

Quoting fr8mech (Reply 8):
Because the folks that would audit the store didn't know that I knew you and that you were a member of the battery of the month club.

Fuuuuuuuu............k!?!?!?!?!?!!  Wow!
They were THAT inept?

I vaguely remember their silly promotions. I discarded all of that because Radio Shack is one of those places where I already knew what I was going to buy before walking in.
I had no need for their dry cell battery, strobe light, answering machine or Realistic compact disc player.
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ltbewr
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Tue Feb 03, 2015 12:33 pm

At one time, you could fix electronics items or it was worth it to do so, thus Radio Shack was needed. Now if something breaks, you likely throw it out and buy a new, replacement item. Mail order, Internet and some other larger, regional stores as well as Walmart has pretty much handles the stuff most people need now. Radio Shack did try to shift to cell phones, but it was too little, too late and with many local independent stores, run by the cell phone co's themselves (as many RS stores will end up with Sprint) and everyone from convenience stores to Walmart carrying cell phones, they didn't have enough of a base to continue. Throw in some hard selling people on the floor, high prices, and the Internet vendors, their business model was pretty much dead.
 
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einsteinboricua
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Tue Feb 03, 2015 12:43 pm

I pity the engineering capstone students who will have to search for local stores in their areas for electrical components or even have to order online and stall while a capacitor or a resistor arrives.
"You haven't seen a tree until you've seen its shadow from the sky."
 
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casinterest
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Tue Feb 03, 2015 2:03 pm

Quoting einsteinboricua (Reply 11):



I pity the engineering capstone students who will have to search for local stores in their areas for electrical components or even have to order online and stall while a capacitor or a resistor arrives.

Yep.
I used to go their all the time when I was in college. Always a reliable location for logic gates, wire wrapping, resistors and capacitors. However last year I need a 150 Ohm resistor, and the only way to get one was to buy 500 resistors in a 15 dollar pack. I wound up going to Amazon and ordering them. Radio shack should have gone to an Amazon type of model, or at least consolidated into one giant electronic superstore a long time ago.
Twenty years from now you will be more disappointed by the things you didn't do than by the ones you did..So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.--Mark Twain
 
jetwet1
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Tue Feb 03, 2015 3:38 pm

Quoting Superfly (Reply 1):
I bought a small bottle of tape head cleaning solution.

This is going to sound strange, but if you need some next time you are over here, check a porn store, on one of my breaks from the casino world I ran a chain of stores for a friend who was having medical issues, VHS was dead, DVD's were in, yet we still stocked and sold huge amounts of the stuff. Google poppers

Quoting Superfly (Reply 4):
That was back when you were required to ask for the address of every single customer !

Best Buy went through this phase as well, to the point of me walking out of the store while trying to outfit my new house, some businesses can't figure out that annoying a customer results in lower sales.

Quoting einsteinboricua (Reply 11):
I pity the engineering capstone students who will have to search for local stores in their areas for electrical components or even have to order online and stall while a capacitor or a resistor arrives.

Around here (Las Vegas) they carry very little in the way of components, everything has to be ordered in.

Frankly, they lost their relevance for me, everything was/is over priced, stuff they used to stock is now an order in, the people working there know next to nothing, a real shame.

Quoting rfields5421 (Thread starter):
Anyone remember the 'Trash 80'.

I had one, I learned BASIC on the thing before moving on to an Amstrad.

The first piece of software I bought was for the 80, made by a small software company nobody has heard of...Microsoft.
 
Superfly
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Tue Feb 03, 2015 3:53 pm

Quoting jetwet1 (Reply 13):
This is going to sound strange, but if you need some next time you are over here, check a porn store, on one of my breaks from the casino world I ran a chain of stores for a friend who was having medical issues, VHS was dead, DVD's were in, yet we still stocked and sold huge amounts of the stuff. Google poppers

????????????????????????

Sure, blame it on your friend.  

I Googled poppers an got a bunch of confetti containers.
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einsteinboricua
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Tue Feb 03, 2015 4:00 pm

Radio Shack came through for us in our project. We needed components of all sorts and while we let the more delicate ones for stores online, common ones like wires, resistors, etc. were always found there. Glad I'm done and don't have to deal with circuits for now.
"You haven't seen a tree until you've seen its shadow from the sky."
 
jetwet1
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Tue Feb 03, 2015 4:13 pm

Quoting Superfly (Reply 14):
Sure, blame it on your friend.

I Googled poppers an got a bunch of confetti containers.

 http://en.wikipedia.org/wiki/Poppers
 
Superfly
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Tue Feb 03, 2015 4:24 pm

Quoting jetwet1 (Reply 16):
http://en.wikipedia.org/wiki/Poppers


My poor innocent mind.   
I'm just trying to clean the heads on my tape decks. Not trying to relax anyone's anal sphincter muscles.   
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JAGflyer
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Tue Feb 03, 2015 5:13 pm

Quoting jetwet1 (Reply 13):
This is going to sound strange, but if you need some next time you are over here, check a porn store, on one of my breaks from the casino world I ran a chain of stores for a friend who was having medical issues, VHS was dead, DVD's were in, yet we still stocked and sold huge amounts of the stuff. Google poppers

For some reason, I don't think those are actually designed for cleaning tapes but rather just a clever name to evade the laws regarding sales of said "video tape head cleaner".

As far as RadioShack goes, in Canada it was purchased/rebranded as "The Source" by Circuit City. The stores mainly cater to the crowd looking for batteries, computers, cell phones, and other new technology. They do carry a small amount of "DIY Electronic" stuff (soldering supplies, terminals, etc). There is an even better chain of stores in Ontario (Canada) called "Sayal" which carries everything you'd ever need for doing electronics repair or other "basement tech".
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Ken777
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Tue Feb 03, 2015 8:07 pm

Not only are there rumors about Sprint taking over some stores, but now it looks like Amazon is looking to buy some stores.

http://appleinsider.com/articles/15/...establish-retail-presence---report

Maybe they would be better off leasing the stores in case their project doesn't work out.
 
bgm
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Tue Feb 03, 2015 8:26 pm

Quoting Superfly (Reply 17):
I'm just trying to clean the heads on my tape decks. Not trying to relax anyone's anal sphincter muscles.

Sure, we believe you.... I'm sure that's what all the punters say when they're buying "video head cleaner".  
 
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WildcatYXU
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Tue Feb 03, 2015 9:54 pm

Quoting Jagflyer (Reply 18):
As far as RadioShack goes, in Canada it was purchased/rebranded as "The Source" by Circuit City.

It's just The Source and owned by Bell for several years now.
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ER757
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Tue Feb 03, 2015 10:04 pm

Quoting jetwet1 (Reply 13):
some businesses can't figure out that annoying a customer results in lower sales

well said....now if telemarketers would only heed those words!
 
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DL_Mech
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Tue Feb 03, 2015 10:19 pm



Quoting fr8mech (Reply 5):
Because, soon after you provided the happy, smiling associate your name and address, you received an advertising flyer, similar to those you would get out of the Sunday paper.

For a trip down memory lane:

http://www.radioshackcatalogs.com/

I own one of the finest Radio Shack receivers ever made, the STA -2100D. Made by Foster Electronics, it is as beautiful inside and it is outside.

http://img.canuckaudiomart.com/uploads/large/623201-realistic_2100d_amplified_receiver_amp_manual_with_a_heavy_125_watts_per_channel.jpg


http://img.canuckaudiomart.com/uploads/large/446336-realistic_sta2100d_stereo_receiver__magnificent__120_wpc_rms_50_lbs.jpg

[Edited 2015-02-03 14:46:07]
This plane is built to withstand anything... except a bad pilot.

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WildcatYXU
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Tue Feb 03, 2015 10:27 pm

Quoting DL_Mech (Reply 23):

Except for the cheap speaker terminals it looks fantastic. Why don't they make receivers like this anymore?
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DL_Mech
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Tue Feb 03, 2015 10:30 pm

Quoting WildcatYXU (Reply 24):
Why don't they make receivers like this anymore?

They still do...They are sold in high end audio stores and cost $7000.

Edit: I tried to find one and here is the best I could do. (I am in no way comparing a McIntosh to a Realistic)

http://hdradio.com/get-a-radio/home-radio/mcintosh-mac6700

[Edited 2015-02-03 15:06:25]
This plane is built to withstand anything... except a bad pilot.

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Superfly
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Wed Feb 04, 2015 6:49 am

Quoting bgm (Reply 20):
Sure, we believe you.... I'm sure that's what all the punters say when they're buying "video head cleaner".

No wonder why I was getting funny looks when asking for this product at Best Buy an Target.   




Back in 2007, The Onion ran a hilarious article about Radio Shack.

Even CEO Can't Figure Out How RadioShack Still In Business

http://www.theonion.com/articles/eve...tm_campaign=LinkPreview:NA:InFocus

Quoting DL_Mech (Reply 23):
I own one of the finest Radio Shack receivers ever made, the STA -2100D.

Realistic also made a power amplifier as well. It may have been a Pioneer.

Quoting DL_Mech (Reply 25):
They still do...They are sold in high end audio stores and cost $7000.

  
I would love to buy two McIntosh vacuum tube amplifiers to power the front & rear outputs of my Marantz 4400.
That would cost over $10,000.  
Quoting DL_Mech (Reply 25):
Edit: I tried to find one and here is the best I could do. (I am in no way comparing a McIntosh to a Realistic)

Well they did at least try.






Here are some old Radio Shack ads from the past. Nothing dated about these at all.






 photo Isaac-Asimov-Pocket-Computer_zps1euxgtaw.jpg












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DIRECTFLT
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Wed Feb 04, 2015 7:38 am

I relish 3 Radio Shack brand purchases over the years:

1972 - Radio Shack underdash FM radio / cassette player

1991 - Realistic DX-440 AM/FM/Shortwave radio

2006 - Accurian HD desktop radio
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airtechy
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Wed Feb 04, 2015 8:34 am

I actually own one of the TRS-80 pocket computers.....and a real TRS-80. I haven't used them in years, but I have a hard time throwing out electronic stuff since I designed it for years. The last thing I bought from RS was an LED to repair a 'frig ice maker....one week ago.Their small stuff like cables, adapters, etc was always way over priced, but you could walk out the door with it and not wait.
 
melpax
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Wed Feb 04, 2015 10:14 am

Radio Shack was known as 'Tandy' in these parts, they were in direct competition with a local chain, Dick Smith. The owners of Dick Smith purchased the Australian operations back in 2001, keeping the Tandy stores separate for another few years before converting the remaining stores to the Dick Smith brand.

These days, Dick Smith has now got totally out of electronic componets & parts that they & Tandy used to be known for, and are just another generic electronics retailer. Another local chain has now taken over the mantle, Jaycar.

http://www.jaycar.com.au/
 
MD11Engineer
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Wed Feb 04, 2015 10:53 am

In Germany most electronics components shops are gone. Either they changed to become pure industrial suppliers (good luck in getting a dozen transistors for some homebuilt project, you'll need to buy a lot of a few thousand minimum), sell Chinese made electronic junk or went mailorder.
The two biggest remaining ones, which also cater for smallscale users, are Conrad (www.conrad.de), which also operates branches all over Germany, but in these mostly selling completed electronic stuff, and Reichelt, which supplies components, but mail and online order only (www.reichelt.de). Of these Reichelt has the better choice of products, though Conrad's industrial range isn't bad either.

Jan
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bhill
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Wed Feb 04, 2015 9:58 pm

Funny, I had a Pioneer receiver that looked ALOT like that....I wonder......
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blueflyer
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Wed Feb 04, 2015 11:09 pm

Quoting casinterest (Reply 12):
Radio shack should have gone to an Amazon type of model, or at least consolidated into one giant electronic superstore a long time ago.

One of the covenants with their creditors specifies they had to keep a high number of retail locations open. I don't know what was the thinking behind it, but I do know management would have closed more stores if it was up to them. Exactly how many needed to remain open and under what terms is not clear. In fact, one of their creditors sent Radio Shack a notice of default for closing too many stores that management disputes.
 
Ken777
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Thu Feb 05, 2015 8:20 pm

And to gets worse"

Quote:

RadioShack is the walking dead of retailers.

Employees from across the country tell CNNMoney similar stories of stores stripped of the more attractive merchandise from Apple (AAPL, Tech30), Samsung (SSNLF) or Beats by Dre. Instead mostly empty shelves showcase heavily discounted cables and other low-demand, low-value items.
http://money.cnn.com/2015/02/05/news...anies/radioshack-stores/index.html

Looks like I need to drop by the local store and get a few power adapters for the heating hose I use at night.

Overall it is really sad for those who have worked there - often for years.
 
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WildcatYXU
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Thu Feb 05, 2015 9:40 pm

Quoting bhill (Reply 31):
Funny, I had a Pioneer receiver that looked ALOT like that....I wonder......

That's probably because this was the standard look at the time. One of our coworkers at our Edmonton plant has a Sears branded receiver/8 track combo in his lab that looks very similar to the receiver on the picture. I admire it whenever I'm there.

For Superfly: The 8 track doesn't work anymore.
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Ken777
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RE: Radio Shack - Bankruptcy And Liquidation Rumors

Thu Feb 05, 2015 11:35 pm

They have now officially filed for Chapter 11:

[quote]
Struggling electronics retailer RadioShack on Thursday filed for Chapter 11 bankruptcy protection and says it will sell up to 2,400 stores. The Fort Worth, Texas, company has suffered from years of losses. RadioShack Corp. introduced the first mass-market personal computer and used to be the go-to stop for consumers' home electronics needs. But it struggled as shoppers increasingly shifted to making purchases online and growth in its wireless business slowed. The New York Stock Exchange suspended trading of its shares on Monday and sought to delist it. RadioShack had warned of a possible bankruptcy in September, but received rescue financing that kept it afloat. Still, its CEO recently cautioned the chain might not be able to find a long-term plan to stay in business.
[/quote}

http://www.nbcnews.com/business/cons...kruptcy-after-years-losses-n301161

While sad there are opportunities for their employees to get jobs at Sprint and maybe even Amazon.

What is going to be interesting is how creditors are going to look at those truck loads of better merchandise that was removed from the stores before the filing. If that merchandise was on a "sale or return" basis then the supplier still has ownership of the merchandise until it is actually sold. Normal inventory purchases, however, is an asset of the company and creditors are going to be looking for a share of that value.

As for the cheaper merchandise that is left on the walls, like batteries, maybe Amazon will let Radio Shack list the stuff on Amazon and sell it out that way. Might work if Amazon really wants those stores.
 
Superfly
Posts: 37705
Joined: Thu May 11, 2000 8:01 am

RE: Radio Shack - Bankruptcy And Liquidation Rumors

Fri Feb 06, 2015 7:32 am

Quoting WildcatYXU (Reply 34):
For Superfly: The 8 track doesn't work anymore.

Send it to this guy for repairs.

http://www.barrys8trackrepair.com/
Bring back the Concorde
 
bhill
Posts: 1888
Joined: Thu Sep 13, 2001 8:28 am

RE: Radio Shack - Bankruptcy And Liquidation Rumors

Mon Feb 09, 2015 8:59 pm

YOU GO SUPERFLY!!! And I still shoot 35mm FILM!!! With my Canon F-1 and A-1...

Yeah baby!
Carpe Pices
 
Ken777
Posts: 10158
Joined: Thu Mar 11, 2004 5:39 am

RE: Radio Shack - Bankruptcy And Liquidation Rumors

Mon Feb 09, 2015 9:22 pm

Actually went to my local store and they were not only open, but they had a store full of inventory. Talking to the lady helping me, turns out that they are going to stay open because they are profitable. The are close to the University of Tulsa, which has a solid engineering program and the students are very aware of this store and all the parts that are available.

That presents some hope for stores that have been primary providers to engineering programs - at least for a while.
 
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falstaff
Posts: 5744
Joined: Sun Jun 25, 2006 6:17 am

RE: Radio Shack - Bankruptcy And Liquidation Rumors

Sat Feb 14, 2015 10:16 pm

I went to the Radio Shack store in Chesterfield, Missouri, at the mall, today. The store was nearly bare, but they had a dandy set of speakers marked all the way down to $24, so I bought them. They had been previously been marked to $100. The store was closing at the end of mall business today. Not only was everything at the store 75% off, or more, all of the fixtures were for sale too.
My mug slaketh over on Falstaff N503
 
PlanesNTrains
Posts: 9524
Joined: Tue Feb 01, 2005 4:19 pm

RE: Radio Shack - Bankruptcy And Liquidation Rumors

Fri Feb 20, 2015 2:23 am

My son's friend's dad manages a local Radio Shack. I was pleased to hear that his store will remain open. Sucks to be on the losing end of such a financial mess.

-Dave
-Dave


MAX’d out on MAX threads. If you are starting a thread, and it’s about the MAX - stop. There’s already a thread that covers it.
 
Superfly
Posts: 37705
Joined: Thu May 11, 2000 8:01 am

RE: Radio Shack - Bankruptcy And Liquidation Rumors

Fri Feb 20, 2015 9:47 am

Quoting falstaff (Reply 39):
Not only was everything at the store 75% off, or more, all of the fixtures were for sale too.

Too bad they no longer have the Robie Robot.
Bring back the Concorde
 
blueflyer
Posts: 4352
Joined: Tue Jan 31, 2006 4:17 am

RE: Radio Shack - Bankruptcy And Liquidation Rumors

Fri Feb 20, 2015 3:11 pm

Quoting PlanesNTrains (Reply 40):
My son's friend's dad manages a local Radio Shack. I was pleased to hear that his store will remain open. Sucks to be on the losing end of such a financial mess.

If RadioShack's plan is approved, which is not a given since a committee of junior lenders has filed objections.

They claim the plan would let Standard General, one of RadioShack's creditors, walk away with the best stores essentially for free while junior creditors would only have the least performing stores left to pay themselves from. They also argue the bid process to dispose of all stores has been rigged to make sure no one can offer a better deal than Standard General.

http://www.bloomberg.com/news/articl...bid-rules-could-freeze-competition

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