[Coco] According to CNBC, Radio Shack may be ready to go under
Glen VanDenBiggelaar
glenvdb at hotmail.com
Mon Dec 30 23:24:37 EST 2013
I have been watching this travesty unfold over the last 2 or so years. The big problem is that somebody there has the idea that the cell phone market (and accessories) is the way to make big profits and banked basically the whole future of the company on that mentality.
Obviously, the market is way over saturated.No amount of concept stores will save RS from the cliff they are falling over.
My opinion is to learn from the past and "Go back" sort of to RS's hey days in the '70's and '80's. Cater to the hobbies again, bring back all those cheap parts from china. Raspberry Pie and Adriano kits are the way of the future, so load up with those. Play on RS's past reputation. Bring back things like the battery club, Simple Science fair kits etc. Get the kids involved in the stores again and hire top notch staff and train them 8 ways till monday. This will never happen though.
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>They have good cash reserves but are struggling to modernize. Thought this
>may be interesting.
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