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RadioShack

This article is about the electronics retailer. For a radio communications room, see Radio shack.

RadioShack
FormerlyRadio Shack Corporation (1921–1962)
Tandy Corporation (1962–2000)
RadioShack Corporation (2000–2015)
General Wireless Operations Inc. (2015–2020)
IndustryE-commerce, retail
Founded1921 (1921)
Boston, Massachusetts, US
FoundersTheodore and Milton Deutschmann
HeadquartersFort Worth, Texas, US
Number of locations
Approximately 400 authorized dealers in the US[a]
Various international locations
Key people
Alex Mehr (CEO)[2]
ProductsConsumer electronics
ParentGeneral Wireless IP Holdings LLC (2015–2020)
Retail ECommerce Ventures (2020–2023)
Unicomer Group (2023–present)
Websiteradioshack.com

RadioShack (formerly written as Radio Shack) is an American electronics retailer that was established in 1921 as an amateur radio mail-order business. Its parent company was purchased by Tandy Corporation in 1962, which shifted its focus from mail-order radio equipment to hobbyist electronics sold at retail. Tandy ended the mail-order business, opened small stores staffed by people who knew electronics, greatly reduced the number of items carried, and replaced name-brand products with private-label items from lower-cost manufacturers. These moves were successful and the brand grew.

In the late 1970s, the company branched into personal computers, and in the 1990s, it began to focus on wireless phones and de-emphasize the hobbyist market. RadioShack reached its peak in 1999, when Tandy operated over 8,000 stores in the United States, Mexico, and Canada, and under the Tandy name in The Netherlands, Belgium, Germany, France, the United Kingdom, and Australia. However, its sales strategy increasingly competed with big-box stores and dedicated wireless phone retailers, and it fell into decline.

In February 2015, after years of management crises, poor worker relations, diminished revenue, and 11 consecutive quarterly losses, RadioShack was delisted from the New York Stock Exchange and subsequently filed for Chapter 11 bankruptcy.[3][4] In May 2015, the company's assets were purchased by General Wireless, a subsidiary of Standard General, for US$26.2 million.[5] In March 2017, General Wireless and subsidiaries also filed for bankruptcy[6] and RadioShack announced plans to shift its business primarily online.[7] RadioShack was acquired by Retail Ecommerce Venture[8] and RadioShack operated primarily as an e-commerce website with a network of independently owned and franchised RadioShack stores.[9] In May 2023, the El Salvador-based franchisee Unicomer Group acquired control of the worldwide RadioShack business.[10]

  1. ^ "The Golden Age of Radio Shack Toys". PCMAG. Retrieved May 5, 2023.
  2. ^ Gittings, John (July 25, 2022). "Stay tuned: RadioShack owner optimistic about new contract". Baraboo News Republic. Retrieved August 5, 2022.
  3. ^ "PacerMonitor Document View - 1:15-bk-10197 - RadioShack Corporation Bankruptcy, Docket Item 1" (PDF). Pacermonitor.com. Retrieved May 23, 2016.
  4. ^ Cite error: The named reference WSJFeb2015 was invoked but never defined (see the help page).
  5. ^ Brickley, Peg (May 13, 2015). "Standard General Wins Auction of RadioShack Brand". Wall Street Journal. Retrieved August 21, 2019.
  6. ^ "RadioShack files for bankruptcy protection for the second time in two years". Los Angeles Times. March 9, 2017. Retrieved March 9, 2017 – via Associated Press.
  7. ^ "Last Chance For Store Closing Deals At Your Neighborhood RadioShack! Come Innovate With Us One Last Time". prnewswire.com (Press release). May 26, 2017. Retrieved May 30, 2017.
  8. ^ Al-Muslim, Aisha (November 19, 2020). "Retail Entrepreneurs Buy Twice-Bankrupt RadioShack With Plans for Online Revival". Wall Street Journal. Retrieved December 30, 2021.
  9. ^ Cite error: The named reference Halkias was invoked but never defined (see the help page).
  10. ^ Release, Press (May 30, 2023). "Radioshack Global brand now acquired by the Unicomer Group". St Vincent Times. Retrieved August 2, 2023.


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