RadioShack Corporation (formerly Tandy Corporation) (NYSE: RSH) is an American franchise of electronics retail stores in the United States, as well as parts of Europe, South America and Africa. As of 2008, it had 4,653 company-owned stores, 688 kiosks, 8 service centers, and 1,408 dealer outlets. RadioShack reported net sales and operating revenues of $4.81 billion. The headquarters of RadioShack is located in Downtown Fort Worth, Texas.[2] RadioShack is also a sponsor for the Samsung/RadioShack 500 NASCAR Sprint Cup Series race at Texas Motor Speedway. On July 21, 2009, RadioShack announced a partnership with T-Mobile USA, and started offering the service in August 2009.
RadioShack's current proprietary brands include RadioShack branded products (parts, adapters, telephones and other legacy/classic products), AntennaCraft (outdoor antennas and amplifiers), Auvio (audio/video cables, LCD TV's, headphones, premium surge protectors and speakers), Enercell (batteries and power), Gigaware (computer, GPS and iPod accessories, mp3 players and accessories, as well as digital cameras, digital camera accessories and digital picture frames) and PointMobl (Wireless Phone Accessories).
Discontinued brands include Accurian (audio and video equipment and accessories), MyMusix (MP3 players; now marketed under the Gigaware brand), Kronus (tools), Optimus (formerly audio and PA/DJ equipment; later used for digital camera accessories), Presidian (audio and video equipment, telephones, flashlights, calculators, and 2-way radios), VoiceStar (wireless phone accessories), Archer (wiring and antennas), Duofone (telephones & accessories), Micronta (scientific and educational equipment) and Realistic (sound equipment).
In 2009, the company became the main sponsor of a new cycling team, Team RadioShack, with Lance Armstrong and Johan Bruyneel as two of the members.
We could be looking at the end of RadioShack, boys and girls. The company is said to be exploring a strategic partnership, or outright sale, possibly to Best Buy. I don’t see why Best Buy would be interested: what does RadioShack sell that’s either A) not already available or B) entirely too niche for its Wal-Mart approach to selling consumer electronics?
JPMorgan Chase is supposedly in charge of figuring out how to handle the merger or sale or whatever it ends up being.
The only reason why Best Buy might be interested is because of RadioShack’s success in the cellphone business. I guess RadioShack does a fairly OK job of selling phones and accessories and whatnot, and its small stores could play into Best Buy’s “we need more, smaller stores in malls, people!” modus operandi.
Or, and this is a twist, perhaps rather than selling to Best Buy (or someone else), perhaps RadioShack could use some of the money it has on hand—$900 million—to gobble up some other store! Now that would be unexpected.
I’m trying to think the last time I bought something from RadioShack… it might have been solder for when I hacked my Xbox1 in 2003. So yeah, it’s been a little while. The store always seemed sorta dingy to me, like the lighting was messed up.
Pros
Good place to learn basic customer service and sales experience especially if pursuing a career in cell phone sales.
Cons
Some upper management decisions are questionable in the area of employee retention and promoting those with very little experience into management positions. Corprate can be ruthless on store managers for sales expectations making most store management positions having frequent turnover.
BENEFITS
Paid vacation and holidays
Medical, dental, vision and life insurance plans
Flexible spending accounts for medical and dependent daycare
Home, renters and auto insurance discounts
401(k) plan
RadioShack merchandise discount
Vacation planning service
Employee assistance program
Tuition reimbursement program
Credit Union
Vehicle purchase programs
Childcare discount programs
And more!
Despite these actions, stock prices plummeted within what was otherwise a booming market. On August 10, 2006, RadioShack announced plans to reduce its workforce at company headquarters by approximately 400 to 450 positions across its various support functions. Company officials said this action was necessary to reduce the company’s overhead expense and improve its long-term competitive position in the marketplace while supporting a significantly smaller number of stores.
Most of RadioShack’s planned reductions occurred on August 28 at its headquarters operation in Fort Worth, Texas. Approximately 1 out of 5 positions were eliminated, and it affected employees at all levels of the company.
All employees at the corporate headquarters were informed of the impending cut 10 days in advance. As previously communicated to employees, an e-mail notification was sent on the published day and time to employees whose positions were terminated. They were given 30 minutes to collect their personal effects, say their goodbyes to co-workers and then attend a meeting with their senior supervisors. Afterward, a larger meeting with human resources allowed departing employees to obtain their benefits packages and ask questions.
This move drew immediate widespread public criticism for its lack of sensitivity.
RadioShack's charity of choice is the National Center for Missing and Exploited Children, a nonprofit organization. The organization's store presence is the StreetSentz program, which is a child identification and educational kit readily available to families free of charge. Update! RadioShacks charity focus is now with LiveStrong organization created by Lance Armstong where Mr. Julian Day is part of the Non-for-Profit organizations board.
RadioShack's green initiative involves the Rechargeable Battery Recycling Corporation, in which end-of-life rechargeable batteries are dropped off in-store to be safely recycled. End-of-life wireless phones can also be recycled.
RadioShack's current proprietary brands include RadioShack branded products (parts, adapters, telephones and other legacy/classic products), AntennaCraft (outdoor antennas and amplifiers), Auvio (audio/video cables, LCD TV's, headphones, premium surge protectors and speakers), Enercell (batteries and power), Gigaware (computer, GPS and iPod accessories, mp3 players and accessories, as well as digital cameras, digital camera accessories and digital picture frames) and PointMobl (Wireless Phone Accessories).
Discontinued brands include Accurian (audio and video equipment and accessories), MyMusix (MP3 players; now marketed under the Gigaware brand), Kronus (tools), Optimus (formerly audio and PA/DJ equipment; later used for digital camera accessories), Presidian (audio and video equipment, telephones, flashlights, calculators, and 2-way radios), VoiceStar (wireless phone accessories), Archer (wiring and antennas), Duofone (telephones & accessories), Micronta (scientific and educational equipment) and Realistic (sound equipment).
In 2009, the company became the main sponsor of a new cycling team, Team RadioShack, with Lance Armstrong and Johan Bruyneel as two of the members.
We could be looking at the end of RadioShack, boys and girls. The company is said to be exploring a strategic partnership, or outright sale, possibly to Best Buy. I don’t see why Best Buy would be interested: what does RadioShack sell that’s either A) not already available or B) entirely too niche for its Wal-Mart approach to selling consumer electronics?
JPMorgan Chase is supposedly in charge of figuring out how to handle the merger or sale or whatever it ends up being.
The only reason why Best Buy might be interested is because of RadioShack’s success in the cellphone business. I guess RadioShack does a fairly OK job of selling phones and accessories and whatnot, and its small stores could play into Best Buy’s “we need more, smaller stores in malls, people!” modus operandi.
Or, and this is a twist, perhaps rather than selling to Best Buy (or someone else), perhaps RadioShack could use some of the money it has on hand—$900 million—to gobble up some other store! Now that would be unexpected.
I’m trying to think the last time I bought something from RadioShack… it might have been solder for when I hacked my Xbox1 in 2003. So yeah, it’s been a little while. The store always seemed sorta dingy to me, like the lighting was messed up.
Pros
Good place to learn basic customer service and sales experience especially if pursuing a career in cell phone sales.
Cons
Some upper management decisions are questionable in the area of employee retention and promoting those with very little experience into management positions. Corprate can be ruthless on store managers for sales expectations making most store management positions having frequent turnover.
BENEFITS
Paid vacation and holidays
Medical, dental, vision and life insurance plans
Flexible spending accounts for medical and dependent daycare
Home, renters and auto insurance discounts
401(k) plan
RadioShack merchandise discount
Vacation planning service
Employee assistance program
Tuition reimbursement program
Credit Union
Vehicle purchase programs
Childcare discount programs
And more!
Despite these actions, stock prices plummeted within what was otherwise a booming market. On August 10, 2006, RadioShack announced plans to reduce its workforce at company headquarters by approximately 400 to 450 positions across its various support functions. Company officials said this action was necessary to reduce the company’s overhead expense and improve its long-term competitive position in the marketplace while supporting a significantly smaller number of stores.
Most of RadioShack’s planned reductions occurred on August 28 at its headquarters operation in Fort Worth, Texas. Approximately 1 out of 5 positions were eliminated, and it affected employees at all levels of the company.
All employees at the corporate headquarters were informed of the impending cut 10 days in advance. As previously communicated to employees, an e-mail notification was sent on the published day and time to employees whose positions were terminated. They were given 30 minutes to collect their personal effects, say their goodbyes to co-workers and then attend a meeting with their senior supervisors. Afterward, a larger meeting with human resources allowed departing employees to obtain their benefits packages and ask questions.
This move drew immediate widespread public criticism for its lack of sensitivity.
RadioShack's charity of choice is the National Center for Missing and Exploited Children, a nonprofit organization. The organization's store presence is the StreetSentz program, which is a child identification and educational kit readily available to families free of charge. Update! RadioShacks charity focus is now with LiveStrong organization created by Lance Armstong where Mr. Julian Day is part of the Non-for-Profit organizations board.
RadioShack's green initiative involves the Rechargeable Battery Recycling Corporation, in which end-of-life rechargeable batteries are dropped off in-store to be safely recycled. End-of-life wireless phones can also be recycled.