RadioShack’s shambling remains were provided another jolt of life today. Ehow Radioshack Ec-3021 Calculator Print Error?… when they were bought by another company that prepares to relaunch the once-great merchant as an online-focused brand.
The store’s remains were acquired by Retail Ecommerce Ventures (REV), a start-up founded in 2019 that’s been scooping up brands from other faded retail giants also, consisting of Pier 1, Modell’s Sporting Item, Dressbarn, and more. REV states RadioShack’s website currently has “strong existing sales and sales capacity,” and the company is “positive” it can further raise awareness of the brand internationally.
REV declares it’s successfully turned around other companies it’s introduced as online brands. The Wall Street Journal reported that Dressbarn more than doubled its profits between the second and first quarter of 2020.
RadioShack was founded in 1921 and became a retail staple in the ’80s and ’90s for anybody seeking to get tech basics. For a long period of time, that suggested actual radio parts, however ended up including lots of electronic toys (one Verge editor fondly remembers his Armatron) and ultimately phones. Its fortunes decreased vastly as online shopping arrived, and the business applied for insolvency twice in the past five years. RadioShack still certifies its name to third-party “authorized” stores and offers branded items within some places of HobbyTown, a crafts merchant– comparable to how you can still discover “Sharper Image” items at Kohl’s although that seller shut its physical doors over a years back. REV didn’t say whether those RadioShack licenses would stick around. Ehow Radioshack Ec-3021 Calculator Print Error?
REV says it will “soon relaunch” RadioShack’s website. So for those of you still clinging on to fond memories of the store, there’ll be a familiar enough location to go when you wish to purchase pricey HDMI cables and knockoff headphones.