Which Radioshack Stores Will Close – Everything you need

The bright side is that since today RadioShack. Which Radioshack Stores Will Close… has actually officially been bought by Retail Ecommerce Ventures (REV), giving the distressed business 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 electronics merchant to its brick-and-mortar roots. As the name implies, REV concentrates on online retail, having previously revamped the Internet existence of other insolvent companies such as Pier 1 Imports and Dressbarn.

While journalism release does not outright preclude the possibility of new physical RadioShack places, it’s clear that REV believes the future of retail isn’t to be found in your regional strip mall. As the US mulls further lockdowns in reaction to the continuing COVID-19 pandemic, it’s tough to disagree. There will be millions of bored kids and grownups looking for something to do throughout the long winter nights, and an electronic package or 2 shipped to their door might be just the important things.

REV states they plan to relaunch the rather dated RadioShack website in the nick of time for the business’s 100th anniversary in 2021. Since this composing the site presently states that sales have been momentarily stopped to enable stock restructuring, though it’s uncertain if this is directly related to the buyout or not. Getting a precise count of just how much merchandise the business still has on hand after shuttering the majority of their physical places in 2017 definitely sounds like something the brand-new owners would want to do.

Like the majority of you, we have fond memories of the Golden era of RadioShack, back before they thought selling phones and TVs was somehow an excellent 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 stores. However we all understand how that story ended. While it does not appear like this news will get us any closer to having a community shop that stocks resistors, there’s a specific comfort in knowing that RadioShack books and kits will still be around for the next generation.

RadioShack’s shambling remains were provided another jolt 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 as well, including Pier 1, Modell’s Sporting Product, Dressbarn, and more. REV states RadioShack’s site already has “strong existing sales and sales potential,” and the business is “confident” it can further raise awareness of the brand worldwide.

REV claims it’s successfully turned around other business it’s released as online brands. The Wall Street Journal reported that Dressbarn more than doubled its earnings in between the first and second quarter of 2020.

RadioShack was founded in 1921 and became a retail staple in the ’80s and ’90s for anyone wanting to get tech essentials. For a long period of time, that indicated real radio elements, however wound up consisting of lots of electronic toys (one Verge editor fondly remembers his Armatron) and eventually phones. Its fortunes decreased greatly as online shopping showed up, and the business filed for insolvency two times in the past five years. RadioShack still licenses its name to third-party “licensed” stores and offers branded products within some places of HobbyTown, a crafts merchant– comparable to how you can still find “Sharper Image” products at Kohl’s even though that retailer shut its physical doors over a decade earlier. REV didn’t state whether those RadioShack licenses would stay. Which Radioshack Stores Will Close

REV states it will “soon relaunch” RadioShack’s website. For those of you still sticking on to fond memories of the shop, there’ll be a familiar adequate place to go when you want to buy pricey HDMI cables and knockoff headphones.