Astro A10 Radioshack – Everything you need

The bright side is that since today RadioShack. Astro A10 Radioshack… has actually officially been acquired by Retail Ecommerce Ventures (REV), giving the struggling company a brand-new lease on life. The downside, a minimum of for folks like us, is that there are no instant plans to return the iconic electronics seller to its brick-and-mortar roots. As the name indicates, REV specializes in online retail, having actually previously revamped the Internet existence of other insolvent organizations such as Pier 1 Imports and Dressbarn.

While the press release does not outright prevent the possibility of new physical RadioShack locations, it’s clear that REV believes the future of retail isn’t to be discovered in your regional shopping center. As the US mulls further lockdowns in action to the continuing COVID-19 pandemic, it’s hard to disagree. There will be millions of bored kids and grownups looking for something to do during the long winter season nights, and an electronic package or 2 shipped to their door might be just the thing.

REV states they plan to relaunch the rather outdated RadioShack site just in time for the business’s 100th anniversary in 2021. As of this composing the site presently says that sales have actually been temporarily halted to enable inventory restructuring, though it’s uncertain if this is directly related to the buyout or not. Getting an accurate count of how much product the company still has on hand after shuttering most of their physical locations in 2017 certainly sounds like something the brand-new owners would want to do.

Like most of you, we have fond memories of the Golden era of RadioShack, back prior to they believed offering televisions and phones was somehow a great idea. To their credit, they did try and revive their relationship with hackers and makers by asking the community what they ‘d wish to see in their shops. However all of us know how that story ended. While it does not look like this news will get us any closer to having an area store that stocks resistors, there’s a particular convenience in understanding that RadioShack sets and books will still be around for the next generation.

RadioShack’s shambling remains were offered another shock of life today when they were purchased by another company that prepares to relaunch the once-great retailer as an online-focused brand.

The store’s remains were acquired by Retail Ecommerce Ventures (REV), a start-up founded in 2019 that’s been scooping up brand names from other faded retail giants too, consisting of Pier 1, Modell’s Sporting Product, Dressbarn, and more. REV says RadioShack’s site already has “strong existing sales and sales potential,” and the company is “confident” it can further raise awareness of the brand worldwide.

REV claims it’s effectively turned around other companies it’s launched as online brands. The Wall Street Journal reported that Dressbarn more than doubled its profits between the first and 2nd quarter of 2020.

RadioShack was founded in 1921 and became a retail staple in the ’80s and ’90s for anybody looking to grab tech essentials. REV didn’t say whether those RadioShack licenses would stick around. Astro A10 Radioshack

REV says it will “soon relaunch” RadioShack’s website. So for those of you still sticking on to fond memories of the shop, there’ll be a familiar sufficient location to go when you want to buy pricey HDMI cable televisions and knockoff earphones.