Find Berjaya Radioshack Sdn Bhd 2022 | PST

 

RadioShack’s shambling remains were provided another jolt of life today. Berjaya Radioshack Sdn Bhd… when they were acquired by another business that prepares to relaunch the once-great merchant as an online-focused brand.

The store’s remains were bought by Retail Ecommerce Ventures (REV), a startup founded in 2019 that’s been scooping up brands from other faded retail giants as well, including Pier 1, Modell’s Sporting Goods, Dressbarn, and more. REV states RadioShack’s site currently has “strong existing sales and sales capacity,” and the company is “positive” it can even more raise awareness of the brand name internationally.

REV declares it’s effectively turned around other companies it’s released as online brands. The Wall Street Journal reported that Dressbarn more than doubled its revenue 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 looking to get tech fundamentals. For a very long time, that suggested actual radio components, but wound up consisting of great deals of electronic toys (one Edge editor fondly remembers his Armatron) and eventually phones. Its fortunes decreased significantly as online shopping arrived, and the business declared bankruptcy twice in the past five years. RadioShack still licenses its name to third-party “licensed” stores and sells top quality items within some locations of HobbyTown, a crafts retailer– comparable to how you can still find “Sharper Image” items at Kohl’s even though that seller shut its physical doors over a decade back. REV didn’t state whether those RadioShack licenses would stick around. Berjaya Radioshack Sdn Bhd

REV says it will “soon relaunch” RadioShack’s site. So for those of you still clinging on to fond memories of the store, there’ll be a familiar enough place to go when you want to buy expensive HDMI cables and knockoff headphones.