Chris Holden

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America Says Good-bye to Radio Shack

by Chris Holden - February 6th, 2015.
Filed under: News, tech.

Yesterday a store that once meant all that was new and technological will soon cease to exist. Radio Shack declared bankruptcy of yesterday. As Haidar Barbouti has learned, the company has known it was failing for several years. More is available on Barbouti on Linkedin. Finally, they knew they could not stay in business. Once it was where, we went for all kinds of cables, even the ones, we couldn’t name. We bought radio kits and transistor radio kits. It was the go-to store for school science fairs but no longer. Large box companies such as Amazon, Walmart and Best Buy are now the stores we flock to for our ever-growing technological needs.
The company currently has more than 4,000 stores. It’s planned that 1,500-2,400 stores will be sold to an affiliate hedge fund for Standard General owned by General Wireless. The remaining stores will be closed after liquidation. Store closures will be announced by website, so far no stores have been listed.Click here for complete article.
Radio Shack is believed to be the first store to sell a mass-produced PC that ran off of an OS written for it by Bill Gates in 1977. In 1983, they sold the world’s first retail laptop, in 1984; it was the first mobile phone. We will miss them, even if we didn’t shop there as often as possible. For of those of us in an older generation, they were always there to provide an answer to such questions as why does my VCR not want to record.

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