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List of Radio Shack stores that are closing — Parallax Forums

List of Radio Shack stores that are closing

GordonMcCombGordonMcComb Posts: 3,366
edited 2015-03-07 11:02 in General Discussion
This is said to be the official list of the 1700+ stores that are part of the (initial?) Radio Shack store closings.

Oddly enough, NONE of the five or six stores near me are on the list. Maybe my purchases are what's kept them afloat? :)

http://money.cnn.com/interactive/technology/radio-shack-closure-list/index.html
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Comments

  • mindrobotsmindrobots Posts: 6,506
    edited 2015-02-09 18:02
    The three nearest me appear to be safe.
  • blittledblittled Posts: 681
    edited 2015-02-10 05:03
    My local Radio Shack is closing and the next nearest is also closing :(. A nearby city with 4 Radio Shacks has 3 closing. I should've bought more stuff!!
  • ctwardellctwardell Posts: 1,716
    edited 2015-02-10 05:09
    The near me in Lancaster, Ohio is closing.

    C.W.
  • idbruceidbruce Posts: 6,197
    edited 2015-02-10 07:12
    My store got a reprieve :)
  • Too_Many_ToolsToo_Many_Tools Posts: 765
    edited 2015-02-10 17:22
    There are a number of "official" lists of the closing stores....all are wrong.

    The one closest to the truth is the legal filing...which is also changing.

    I know of stores that were listed to stay open that are now closed and stores being closed that are now being told they will remain open.

    Yet another example in this Internet age of why "boots on the ground" are always better versus trying to do something on a computer.

    You need to go to your stores of interest EVERY DAY to know what is going on...it is changing hourly.

    As for bargains on quality stuff....those were available last year when the stores were downsizing stock.

    Now the company is consolidating inventory...hint the good stuff...and have moved it to the stores that are remaining open....and have left the trash for the public to buy in the rest of the stores.

    The greatest bargain are the leases coming up...if you are looking for strip mall space there will be some great bargains.
  • NWCCTVNWCCTV Posts: 3,629
    edited 2015-02-10 17:28
    It shows only one in Federal Way, WA. but the one in the Mall is gone.
  • Too_Many_ToolsToo_Many_Tools Posts: 765
    edited 2015-02-10 17:28
    GordonMcComb wrote: »
    This is said to be the official list of the 1700+ stores that are part of the (initial?) Radio Shack store closings.

    Oddly enough, NONE of the five or six stores near me are on the list. Maybe my purchases are what's kept them afloat? :)

    http://money.cnn.com/interactive/technology/radio-shack-closure-list/index.html

    More like Sprint wants phone stores in those locations.

    Unless they are franchises, most company owned stores are history.
  • Too_Many_ToolsToo_Many_Tools Posts: 765
    edited 2015-02-10 17:31
    One might consider that this is an opportunity for those who complain about ignorant staff, no inventory for do-it-yourselfers, high prices, etc.to fill the gap left by the old Radio Shack business model and open their own stores...anyone game?
  • idbruceidbruce Posts: 6,197
    edited 2015-02-10 18:13
    One might consider that this is an opportunity for those who complain about ignorant staff, no inventory for do-it-yourselfers, high prices, etc.to fill the gap left by the old Radio Shack business model and open their own stores...anyone game?

    I live in northwest Indiana, approximately 30 miles out of Chicago. Northwest Indiana has grown by leaps and bounds over the last twenty years, with plenty of traffic, people, and business, however besides Radio Shack, and without going to Chicago, the nearest electrical supply house within let's say a 20 mile radius, is approximately 15 miles away. This place has been in business for decades, however they hardly have any business these days that apply to the sale of electrical components. The only way that they have remained afloat is through diversification. They branched off into security and home entertainment systems.
  • Too_Many_ToolsToo_Many_Tools Posts: 765
    edited 2015-02-10 19:51
    Not surprising...do they sell cell phones yet? ;<)

    I am struck by the irony that in no time in human history are we more immersed in electronics/technology while at the same time the general public is more ignorant of the science and technology that brings them their items of desire.

    Considering the crying lack of qualified engineers and techs with lack of interest in TEMP careers by the young, it presents an interesting "train wreck" in the future for society...will there be anyone left in the end who will know how to turn the lights out?
  • frank freedmanfrank freedman Posts: 1,983
    edited 2015-02-10 22:13
    Until recently we had a place here in Phoenix called Capital Electronics. I'm sure their inventory goes/went back years. They are now online only or maybe gone completely, would guess long enough to liquidate the inventory since they likely will not compete against the digi-keys.
  • Too_Many_ToolsToo_Many_Tools Posts: 765
    edited 2015-02-14 18:23
    So anyone buying clearance Radio Shack stuff?

    70%+ discounts on Arduino and Parallax stuff await you....
  • NWCCTVNWCCTV Posts: 3,629
    edited 2015-02-14 18:41
    Yea, right. Most the Shacks around me don't even have any Parallax items any longer. The parts that are left they seem to be not wanting to get rid of very fast.
  • rogersydrogersyd Posts: 223
    edited 2015-02-15 05:24
    NWCCTV wrote: »
    Yea, right. Most the Shacks around me don't even have any Parallax items any longer. The parts that are left they seem to be not wanting to get rid of very fast.

    No parallax parts left here in the mall store but i did score tons of bi-color leds, a few buzzers, some d batteries and a motor kit all for under 30 bucks. I asked about the component tool boxes they have and was told to come back monday and make an offer. The lady told me they are listing those for 300 smackers. The other store near me is not closing. The staff mentioned that for now RS wants to keep one store open in major markets.
  • RS_JimRS_Jim Posts: 1,765
    edited 2015-02-15 06:30
    I am lucky, my store is staying open.
    Jim
  • mindrobotsmindrobots Posts: 6,506
    edited 2015-02-15 06:47
    It's good to hear that, Jim! I'm sure these are unsettling times from anyone on the inside looking out.
  • Dave HeinDave Hein Posts: 6,347
    edited 2015-02-15 07:54
    A RadioShack store near me is not on the list, but I overheard a sales clerk telling another customer that it will be taken over by Sprint.
  • Too_Many_ToolsToo_Many_Tools Posts: 765
    edited 2015-02-15 16:29
    Too_Many_Tools wrote: »
    So anyone buying clearance Radio Shack stuff?

    70%+ discounts on Arduino and Parallax stuff await you....

    I have had no problem getting 70% off on all Parallax and Arduino stuff...thousands of dollar worth..one just needs to check EVERY store EVERY day as prices are very much a moving target.

    If Radio Shack had not done their earlier downsizing on the components, one would need a truck to haul it away at these fire sale prices.

    I note that it is going fast...the public has the "herd mentality" and are buying almost anything that is not nailed down.

    I seriously doubt that the discounts will drop further than 70%....when the sales drop below a certain return the remainder of the items will be boxed up and sold to the liquidator at 30% cost.

    I am looking forward to what the Sprint/Radio Shack hybrid stores will carry..any quesses?
  • blittledblittled Posts: 681
    edited 2015-02-16 05:23
    I went to 2 closing Radio Shacks in my area with one just starting clearance and all the Parallax and Arduino stuff was already gone. I also went to the only one in my area that will remain open and saw no discounts. I did ask the salesman at the one that isn't closing about what is happening and he said he didn't know since the employees at a store are the last to know.

    I got a couple of gift cards for Radio Shack for Christmas. I originally was going to look for some cool electronic gadgets to buy with it but now I'm using them to buy a couple of tools and supplies to keep my hobby going.
  • LoopyBytelooseLoopyByteloose Posts: 12,537
    edited 2015-02-16 11:17
    I am beginning to hear the theme from "Titannic" everytime I see another Radio Shack thread.

    "Every night in my dream
    I see you, I feel you
    That is how I know you go on

    Far across the distance
    And spaces between us
    You have come to show you go on

    Near, far, wherever you are
    I believe that the heart does go on
    Once more you open the door
    And you're here in my heart
    And my heart will go on and on"

    I was hoping the bankruptcy would finally bring some closure, but I guess not.
  • $WMc%$WMc% Posts: 1,884
    edited 2015-02-17 17:33
    Too_Many_Tools wrote: »
    Not surprising...do they sell cell phones yet? ;<)

    I am struck by the irony that in no time in human history are we more immersed in electronics/technology while at the same time the general public is more ignorant of the science and technology that brings them their items of desire.

    Considering the crying lack of qualified engineers and techs with lack of interest in TEMP careers by the young, it presents an interesting "train wreck" in the future for society...will there be anyone left in the end who will know how to turn the lights out?
    '
    I couldn't have said it better...
  • Too_Many_ToolsToo_Many_Tools Posts: 765
    edited 2015-02-17 18:11
    FYI....

    http://hackaday.com/2015/02/05/ive-come-here-to-bury-radio-shack-not-praise-it/

    Read the comments from the readers...well worth your time.
  • Too_Many_ToolsToo_Many_Tools Posts: 765
    edited 2015-02-17 18:56
    Too_Many_Tools wrote: »
    FYI....

    http://hackaday.com/2015/02/05/ive-come-here-to-bury-radio-shack-not-praise-it/

    Read the comments from the readers...well worth your time.

    And from those comments...and interesting one.


    tz says:
    February 5, 2015 at 6:06 pm

    The problem is that instead of improving the stores, the stuff, and the customer experience, they used their cash hoard to buy back stock.

    http://www.lewrockwell.com/2014/07/eric-englund/radioshack-is-going-bankrupt/

    So how did RadioShack, which had been a stock-buyback machine from 2000 to 2011, manage to eviscerate shareholder value so thoroughly that its stock has declined by nearly 99% from its December 6, 1999 high of $78.50 per share? RadioShack’s directors and officers, to answer this question, gutted the company through a reckless stock-buyback program that burned through cash as if it was trash. With the ongoing share-repurchase mania, other companies will likely follow RadioShack into insolvency.
    …snip…
    The following table disproves the claim that RadioShack’s recent losses are the proximate cause of its current financial difficulties. This retailer, since 2000, has turned a profit in twelve of the past fourteen years. From 2000 through 2011, RadioShack generated total profits of nearly $2.7 billion. In 2012 and 2013, RadioShack lost almost $540 million. Losses over the past couple of years, therefore, do not explain RadioShack’s present financial woes. Hence, in order to understand why this company is teetering on insolvency, it is critical to focus on the fact RadioShack has engaged in stupefying stock buybacks in ten of the past fourteen years. Perhaps massive stock market bull runs and miniscule interest rates, over the past fourteen years, have played into management’s decision to aggressively repurchase shares.

    Year Net Profit Stock Buybacks
    2000 $368.0 $400.6
    2001 $166.7 $308.3
    2002 $263.4 $329.9
    2003 $298.5 $286.2
    2004 $337.2 $251.1
    2005 $267.0 $625.8
    2006 $ 73.4 $0
    2007 $236.8 $208.5
    2008 $189.4 $111.3
    2009 $205.0 $0
    2010 $206.1 $398.8
    2011 $ 72.2 $113.3
    2012 ($139.4) $0
    2013 ($400.2) $0
    Totals $2,144.1 $3,033.8

    To be sure, this table should be embarrassing to RadioShack’s directors and officers. Share repurchases, since 2000, have exceeded net profits by an astonishing $889.7 million. It’s no wonder why this company’s net worth is approaching $0; and, I believe, will soon go negative. Wouldn’t these directors and officers love to have the $3 billion, they spent on stock repurchases, back in the company’s bank account? Wouldn’t an extra $3 billion, of cash, buy management the time it needs to execute its turnaround plan? RadioShack, once again, had been profitable for twelve of the past fourteen years; meaning it did a lot of things right and pleased countless customers. Alas, with a paltry cash position of $61.8 million, as of May 3, 2014, it appears unlikely RadioShack has the liquidity to execute its turnaround plan—even with a credit facility available, I believe its balance sheet is too far gone to avoid bankruptcy. Remind me again of what defines excess cash? How did share repurchases enhance shareholder value?
  • Too_Many_ToolsToo_Many_Tools Posts: 765
    edited 2015-02-18 14:51
    FYI...

    It's getting interesting...

    http://www.reuters.com/article/2015/02/18/us-radioshack-bankruptcy-creditors-idUSKBN0LM1PI20150218

    http://www.dallasnews.com/business/columnists/mitchell-schnurman/20150216-when-moneys-short-workers-get-squeezed.ece

    And check the stock performance graphics in the second link for Radio Shack...flat lined.

    And finally some comments from some friends....

    http://www.mercurynews.com/bay-area-news/ci_27532856/its-resistors-were-irresistible-inventors-silicon-valley-but?source=infinite
  • NWCCTVNWCCTV Posts: 3,629
    edited 2015-02-18 15:52
    Too_Many_Tools wrote: »
    FYI...

    It's getting interesting...



    And check the stock performance graphics in the second link for Radio Shack...flat lined.

    More like boring!! When a company files for bankruptcy, regardless of the status, it's price goes to zero. I got hosed big on UAL and MCI both because of this.
  • Ron CzapalaRon Czapala Posts: 2,418
    edited 2015-02-20 13:32
    RadioShack cleared to sell leases to 1,100 abandoned stores


    http://finance.yahoo.com/news/radioshack-cleared-sell-leases-1-165902928.html
    The company will seek court approval on Monday for the auction process for up to 2,400 stores. An affiliate of the hedge fund Standard General has agreed to act as an initial bidder, known as a stalking horse, for those locations, which will remain open.

    The hedge fund plans to bring in Sprint Corp as a partner to operate in those stores.

    RadioShack plans to abandon more stores in March and will put those leases up for sale next month.
  • Too_Many_ToolsToo_Many_Tools Posts: 765
    edited 2015-02-23 20:28
    A person asked in another forum...what other B&M outlets like Radio Shack are there for one to walk in and buy components?

    The only ones I can think of are local/regional ones...nothing on a national scale.

    Any suggestions?
  • tonyp12tonyp12 Posts: 1,951
    edited 2015-02-23 20:44
    Stores closing have great deals, 90-95% stage now.
    I scored a Basic Stamp Proto kit $2 (regular $40) and jumper wire kits for 30cents.
  • JLockeJLocke Posts: 354
    edited 2015-02-24 03:33
    Here's a little more dirt to kick on the grave...

    The End of Radio Shack, Through the Eyes of a Store Manager
  • ercoerco Posts: 20,256
    edited 2015-02-24 09:16
    Very sad, JLocke. Except for the adioS part. That was genious.
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