RadioShack
| RadioShack Corporation
|
|
|---|---|
 |
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| legal form | Corporation |
| ISIN | US7504381036 |
| founding | 1921 |
| Seat | Fort Worth , Texas |
| management |
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| Number of employees | 35,800 (2007) |
| sales | 4.3 billion US dollars (2007) |
| Branch | Electronics retailer ( consumer electronics ) |
| Website | www.radioshack.com |
RadioShack Corporation (formerly Tandy Corporation ) is a Fort Worth , Texas- based group of companies that operates a chain of electronics products in the United States. The range is aimed primarily at technically interested people and electronics hobbyists. At the turn of the millennium, the group also had a few branches in South America and Europe , especially in Great Britain. The company is listed in the S&P 500 share index.
In 2007 there were 7,000 stores in the United States and the company reported $ 4.3 billion in sales. At the beginning of 2015, the group went bankrupt after eleven consecutive quarterly loss reports . Online trading is still operated under the brand today .
Company history
The company began under the name RadioShack (English: shack = "hut, shed") in 1921 in Boston , Massachusetts , where the brothers Theodore and Milton Deutschmann offered equipment for radio amateurs in their shop. The first order catalog was published in the early 1940s; this is how the company began with the mail order business, which became one of the main driving forces behind the company.
From 1954, RadioShack began selling electronic products under its own brand name. After the company got into an economic crisis in the 1960s, it was bought out in 1963 by the Tandy Corporation, which had originally traded in leather goods, and the company was renamed "Tandy Radio Shack".
RadioShack introduced one of the first home computers in 1977 , the TRS-80 . This product became one of RadioShack's most successful products in the 1980s.
Around the same time, the Tandy chain of branches was opened in Europe with a few hundred branches. From 1985 all German branches were closed again.
In May 2000 the company had the "Tandy" removed from the company name and called itself again just RadioShack; at the same time the logo was modernized. In the following years there was a change in product range, away from electronics and do-it-yourself and towards mobile communications.
The company was the main sponsor of the Team RadioShack cycling team , which was founded in the summer of 2009 around the former Tour de France winner Lance Armstrong and which merged with the Luxembourg Leopard Trek team to form the RadioShack-Nissan team at the start of the 2012 season .
After 2010, the Arduino and accessories were unsuccessfully sought the way back to the do-it-yourself customer.
On February 5, 2015, RadioShack filed for Chapter 11 bankruptcy . At the same time, as part of a restructuring plan, between 1,500 and 2,400 branches in the USA were sold to a subsidiary of the New York hedge fund Standard General. More than 1,700 of the branches will in future continue to be operated under license from the Sprint Corporation .
literature
- Irvin Farman: Tandy's Money Machine: How Charles Tandy Built RadioShack into the World's Largest Electronics Chain. The Mobium Press, Chicago 1992, ISBN 0-916371-12-3 .
Web links
- Official website (English)
Individual evidence
- ↑ Drew FitzGerald, Matt Jarzemsky: Strategic Confusion Put RadioShack at Mercy of Lenders. In: The Wall Street Journal , February 5, 2015. From WSJ.com, accessed January 20, 2019.
- ↑ Bankruptcy: Electronics retailer RadioShack is bankrupt. In: Frankfurter Allgemeine Zeitung FAZ , February 6, 2015. At FAZ.net, accessed on January 20, 2019.
- ↑ RadioShack Chapter 11 Petition. Official bankruptcy petition. Retrieved February 6, 2015 .
- ^ RadioShack Files for Chapter 11 Bankruptcy After Years of Losses. NBC News, February 5, 2015, accessed February 6, 2015 .