Radioshack Outlet Stores – Everything you need

Fortunately is that as of today RadioShack. Radioshack Outlet Stores… has formally been acquired by Retail Ecommerce Ventures (REV), offering the distressed company a brand-new lease on life. The disadvantage, at least for folks like us, is that there are no immediate strategies to return the iconic electronic devices retailer to its brick-and-mortar roots. As the name indicates, REV concentrates on online retail, having formerly revamped the Web existence of other insolvent services such as Pier 1 Imports and Dressbarn.

While journalism release does not straight-out preclude the possibility of brand-new physical RadioShack locations, it’s clear that REV believes the future of retail isn’t to be found in your regional strip mall. As the United States mulls even more lockdowns in action to the continuing COVID-19 pandemic, it’s tough to disagree. There will be millions of bored kids and adults trying to find something to do throughout the long winter season nights, and an electronic set or two shipped to their door might be just the thing.

REV states they plan to relaunch the rather dated RadioShack website just in time for the business’s 100th anniversary in 2021. As of this composing the website currently states that sales have been temporarily stopped to allow for stock restructuring, though it’s uncertain if this is straight related to the buyout or not. Getting an accurate count of how much product the business still has on hand after shuttering the majority of their physical locations in 2017 definitely sounds like something the brand-new owners would want to do.

Like most of you, we have fond memories of the Golden Age of RadioShack, back before they believed selling tvs and phones was in some way a good idea. To their credit, they did attempt and rekindle their relationship with hackers and makers by asking the neighborhood what they ‘d wish to see in their stores. We all know how that story ended. While it does not look like this news will get us any closer to having a community shop that stocks resistors, there’s a particular convenience in knowing that RadioShack books and sets will still be around for the next generation.

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

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

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

RadioShack was founded in 1921 and became a retail staple in the ’80s and ’90s for anyone wanting to get tech basics. For a long period of time, that suggested real radio components, but ended up consisting of lots of electronic toys (one Edge editor fondly remembers his Armatron) and ultimately phones. Its fortunes declined significantly as online shopping arrived, and the business applied for bankruptcy two times in the past 5 years. RadioShack still accredits its name to third-party “authorized” shops and offers branded products within some locations of HobbyTown, a crafts merchant– comparable to how you can still discover “Sharper Image” items at Kohl’s although that merchant shut its physical doors over a years ago. REV didn’t state whether those RadioShack licenses would stick around. Radioshack Outlet Stores

REV says it will “quickly relaunch” RadioShack’s site. For those of you still sticking on to fond memories of the store, there’ll be a familiar sufficient place to go when you want to purchase costly HDMI cables and knockoff headphones.