Radioshack Puerto Rico Plaza Escorial – Everything you need

The good news is that as of today RadioShack. Radioshack Puerto Rico Plaza Escorial… has actually officially been purchased by Retail Ecommerce Ventures (REV), providing the troubled business a new lease on life. The downside, a minimum of for folks like us, is that there are no immediate strategies to return the renowned electronics seller to its brick-and-mortar roots. As the name suggests, REV specializes in online retail, having formerly revamped the Web presence of other bankrupt companies such as Pier 1 Imports and Dressbarn.

While the press release does not outright prevent the possibility of brand-new physical RadioShack places, it’s clear that REV thinks the future of retail isn’t to be discovered in your local shopping center. As the United States mulls further lockdowns in reaction to the continuing COVID-19 pandemic, it’s hard to disagree. There will be countless bored kids and adults trying to find something to do throughout the long winter season nights, and an electronic package or two delivered to their door might be just the thing.

REV states they plan to relaunch the rather dated RadioShack website in the nick of time for the business’s 100th anniversary in 2021. As of this composing the website currently says that sales have actually been briefly stopped to permit inventory restructuring, though it’s unclear if this is directly related to the buyout or not. Getting a precise count of just how much merchandise the company still has on hand after shuttering most of their physical areas in 2017 certainly sounds like something the new owners would wish to do.

We all know how that story ended.

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

The shop’s remains were purchased by Retail Ecommerce Ventures (REV), a startup founded in 2019 that’s been scooping up brands from other faded retail giants also, including Pier 1, Modell’s Sporting Item, Dressbarn, and more. REV states RadioShack’s website already has “strong existing sales and sales capacity,” and the company is “confident” it can further raise awareness of the brand name globally.

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

RadioShack was founded in 1921 and became a retail staple in the ’80s and ’90s for anyone seeking to get tech fundamentals. For a very long time, that suggested real radio elements, but ended up consisting of lots of electronic toys (one Verge editor fondly remembers his Armatron) and ultimately phones. Its fortunes decreased greatly as online shopping showed up, and the business declared insolvency twice in the past 5 years. RadioShack still licenses its name to third-party “licensed” shops and sells top quality items within some areas of HobbyTown, a crafts seller– similar to how you can still find “Sharper Image” items at Kohl’s even though that retailer shut its physical doors over a years ago. REV didn’t say whether those RadioShack licenses would remain. Radioshack Puerto Rico Plaza Escorial

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