What is Radio Shack now called?
The Source Electronics Inc., doing business as The Source (French: La Source), is a Canadian consumer electronics and cell phone retail chain. The chain goes back over 40 years in Canada, initially as Radio Shack and later as The Source by Circuit City.
Is Radio Shack completely out of business?
In November 2020, Retail Ecommerce Ventures (REV), a holding company owned by Alex Mehr, acquired RadioShack. RadioShack operates primarily as an e-commerce website, a network of independently owned, franchised RadioShack stores, and a supplier of parts for HobbyTown USA.
Is Radio Shack coming back?
The goal is to ‘bring cryptocurrency to the mainstream’ using the well-known consumer brand. RadioShack, once a brand associated with home electronics, has reappeared as a crypto company.
Why did Radio Shack go out of business?
In February 2015, RadioShack (RSHCQ), a renowned electronics store, filed for Chapter 11 bankruptcy protection following many financial and operational missteps. The company had too many stores that cannibalized revenues from each other and generated losses.
Where can I buy electronic components now that Radio Shack is gone?
Fry’s Electronics is another close competitor and alternative to Radio Shack stores, which offers a huge range of products covering everything from big-ticket consumer goods to smaller computer components and accessories. What is this?
Are there any radio shacks around anymore?
About 400 RadioShack locations remain open, but operate independently from the REV-owned parent company.
Why did RadioShack go out of business?
Who bought out RadioShack?
Those companies filed bankruptcy in 2017 and Radio Shack was purchased for an undisclosed amount by current owner, Retail Ecommerce Ventures (REV). The company also now owns once-popular brands like Pier 1, Linens-N-Things and Dress Barn.