RadioShack’s shambling remains were provided another jolt of life today. Radioshack Rio Grande City Texas… when they were bought by another company that plans to relaunch the once-great seller as an online-focused brand name.
The shop’s remains were acquired 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 Goods, Dressbarn, and more. REV states RadioShack’s site currently has “strong existing sales and sales potential,” and the company is “positive” it can even more raise awareness of the brand globally.
REV claims it’s effectively turned around other business it’s launched as online brands. The Wall Street Journal reported that Dressbarn more than doubled its profits 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 wanting to get tech fundamentals. For a very long time, that meant real radio elements, however ended up consisting of lots of electronic toys (one Brink editor fondly remembers his Armatron) and ultimately phones. Its fortunes declined greatly as online shopping showed up, and the business filed for personal bankruptcy two times in the past five years. RadioShack still certifies its name to third-party “licensed” shops and offers branded products within some areas of HobbyTown, a crafts retailer– similar to how you can still find “Sharper Image” products at Kohl’s although that seller shut its physical doors over a years ago. REV didn’t state whether those RadioShack licenses would remain. Radioshack Rio Grande City Texas
REV states it will “quickly relaunch” RadioShack’s website. So for those of you still sticking on to fond memories of the shop, there’ll be a familiar adequate location to go when you want to purchase expensive HDMI cable televisions and knockoff headphones.