Radio Shack announced today they are closing 1100 stores

Hi Guys.

Radio Shack has announced 1100 store closings. Are any of our suppliers going to be getting any product from them?

Thanks.

Dale

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Wow, that's a massive shut down. Watch out for the liquidation deals on the way guys!

No kidding; that is huge -- will try to sort out the locations and what they're doing in terms of inventory management.

It's wild that they just spent who knows how many millions on that SuperBowl campaign, only to shutter 20% of their stores a month later. The ad, which is featured in the story Dale linked, is hilarious if you happen to have grown up in the 1980s (as I did.)


Frank

Wait, the commercial is actually here Link hidden: Login to view

Still waiting and steepling fingers like a movie villian; however, Radio Shack's closure plan Link hidden: Login to view from its creditors, and many landlords at shopping centers where RS stores are located are working out rent deals to help keep prospective closing stores open (given the state of US retail real estate, no surprise there.)

So, who knows when these stores will actually close up. On the other hand, to look at RS' financial statements, if they don't make this move, all Radio Shacks everywhere will be closing in the next couple of years, so at the risk of seeming mercenary, seems like good news for the liquidation and reseller markets either way.


Frank

Took a year, but Radio Shack has finally released a list of stores to be closed -- check the list Link hidden: Login to view -- almost certainly going to be some deals to be had, if you happen to live near one.


Frank