Find 5 Reasons Why Radioshack Went Out Of Business 2022 | PST

 

RadioShack’s shambling remains were provided another jolt of life today. 5 Reasons Why Radioshack Went Out Of Business… when they were purchased 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 too, consisting of Pier 1, Modell’s Sporting Item, Dressbarn, and more. REV says RadioShack’s website already has “strong existing sales and sales capacity,” and the company is “confident” it can even more raise awareness of the brand name globally.

REV declares it’s effectively reversed other companies it’s introduced as online brands. The Wall Street Journal reported that Dressbarn more than doubled its profits between the very first and second quarter of 2020.

RadioShack was established in 1921 and ended up being a retail staple in the ’80s and ’90s for anyone looking to get tech fundamentals. REV didn’t say whether those RadioShack licenses would stick around. 5 Reasons Why Radioshack Went Out Of Business

REV says it will “quickly relaunch” RadioShack’s site. So for those of you still clinging on to fond memories of the shop, there’ll be a familiar adequate location to go when you want to purchase costly HDMI cable televisions and knockoff headphones.