Find Does Radioshack Buy Broken Phones 2022

The good news is that since today RadioShack. Does Radioshack Buy Broken Phones… has officially been acquired by Retail Ecommerce Ventures (REV), offering the struggling company a new lease on life. The drawback, a minimum of for folks like us, is that there are no instant plans to return the renowned electronics merchant to its brick-and-mortar roots. As the name implies, REV specializes in online retail, having actually formerly revamped the Web existence of other insolvent services such as Pier 1 Imports and Dressbarn.

While the press release doesn’t straight-out preclude the possibility of new physical RadioShack areas, it’s clear that REV thinks the future of retail isn’t to be found in your regional shopping center. As the US mulls even more lockdowns in response to the continuing COVID-19 pandemic, it’s tough to disagree. There will be countless bored kids and adults looking for something to do during the long winter season nights, and an electronic package or 2 delivered to their door might be just the thing.

REV states they plan to relaunch the rather dated RadioShack website just in time for the business’s 100th anniversary in 2021. As of this composing the website presently says that sales have actually been temporarily stopped to enable stock restructuring, though it’s uncertain if this is straight related to the buyout or not. Getting a precise count of just how much product the company still has on hand after shuttering most of their physical places in 2017 definitely seems like something the new owners would want to do.

Like the majority of you, we have fond memories of the Golden era of RadioShack, back before they believed selling phones and Televisions was in some way a good concept. To their credit, they did attempt and rekindle their relationship with hackers and makers by asking the neighborhood what they ‘d want to see in their shops. But all of us know how that story ended. While it does not look like this news will get us any closer to having a community store that stocks resistors, there’s a specific convenience in understanding that RadioShack sets and books will still be around for the next generation.

RadioShack’s shambling remains were provided another jolt of life today when they were acquired by another company that plans to relaunch the once-great retailer as an online-focused brand name.

The store’s remains were bought by Retail Ecommerce Ventures (REV), a start-up founded in 2019 that’s been scooping up brands from other faded retail giants too, consisting of Pier 1, Modell’s Sporting Item, Dressbarn, and more. REV states RadioShack’s site already has “strong existing sales and sales potential,” and the company is “confident” it can even more raise awareness of the brand globally.

REV claims it’s successfully turned around other companies it’s introduced as online brand names. The Wall Street Journal reported that Dressbarn more than doubled its revenue in between the very first and second quarter of 2020.

RadioShack was founded in 1921 and became a retail staple in the ’80s and ’90s for anyone seeking to grab tech essentials. For a long period of time, that meant real radio elements, however ended up including lots of electronic toys (one Brink editor fondly remembers his Armatron) and ultimately phones. Its fortunes declined significantly as online shopping showed up, and the business declared personal bankruptcy two times in the past five years. RadioShack still licenses its name to third-party “authorized” stores and sells branded items within some places of HobbyTown, a crafts merchant– comparable to how you can still discover “Sharper Image” items at Kohl’s even though that merchant shut its physical doors over a years ago. REV didn’t state whether those RadioShack licenses would stick around. Does Radioshack Buy Broken Phones

REV states it will “quickly relaunch” RadioShack’s website. For those of you still clinging on to fond memories of the shop, there’ll be a familiar enough location to go when you want to buy overpriced HDMI cable televisions and knockoff headphones.