Find Is There A Radioshack Near Me 2022

The bright side is that as of today RadioShack. Is There A Radioshack Near Me… has formally been purchased by Retail Ecommerce Ventures (REV), providing the troubled business a new lease on life. The downside, at least for folks like us, is that there are no immediate plans to return the iconic electronic devices seller to its brick-and-mortar roots. As the name indicates, REV specializes in online retail, having actually previously revamped the Web existence of other bankrupt companies such as Pier 1 Imports and Dressbarn.

While journalism release doesn’t outright prevent the possibility of brand-new physical RadioShack areas, it’s clear that REV thinks the future of retail isn’t to be discovered in your regional strip mall. As the United States mulls further lockdowns in reaction to the continuing COVID-19 pandemic, it’s hard to disagree. There will be countless bored kids and adults searching for something to do during the long winter nights, and an electronic set or two delivered to their door might be just the important things.

REV says they plan to relaunch the rather outdated RadioShack website in the nick of time for the company’s 100th anniversary in 2021. As of this composing the website currently states that sales have been momentarily stopped to permit inventory restructuring, though it’s unclear if this is straight related to the buyout or not. Getting an accurate count of how much merchandise the business still has on hand after shuttering the majority of their physical places in 2017 definitely seems like something the new owners would want to do.

Like most of you, we have fond memories of the Golden era of RadioShack, back prior to they believed offering phones and TVs was in some way a great idea. To their credit, they did attempt and revive their relationship with hackers and makers by asking the community what they ‘d want to see in their stores. We all know how that story ended. While it does not appear like this news will get us any closer to having an area shop that stocks resistors, there’s a particular convenience in understanding that RadioShack books and kits will still be around for the next generation.

RadioShack’s shambling remains were given another shock of life today when they were acquired by another business that plans to relaunch the once-great merchant as an online-focused brand.

The shop’s remains were acquired by Retail Ecommerce Ventures (REV), a startup founded in 2019 that’s been scooping up brands from other faded retail giants too, including Pier 1, Modell’s Sporting Item, Dressbarn, and more. REV says RadioShack’s website already has “strong existing sales and sales potential,” and the company is “confident” it can even more raise awareness of the brand worldwide.

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

RadioShack was founded in 1921 and became a retail staple in the ’80s and ’90s for anyone aiming to get tech fundamentals. For a very long time, that implied actual radio parts, however ended up consisting of lots of electronic toys (one Brink editor fondly remembers his Armatron) and eventually phones. Its fortunes decreased vastly as online shopping showed up, and the company filed for insolvency twice in the past five years. RadioShack still accredits its name to third-party “licensed” stores and offers top quality items within some areas of HobbyTown, a crafts seller– comparable to how you can still discover “Sharper Image” items at Kohl’s although that merchant shut its physical doors over a decade back. REV didn’t state whether those RadioShack licenses would stay. Is There A Radioshack Near Me

REV says it will “soon relaunch” RadioShack’s site. For those of you still clinging on to fond memories of the shop, there’ll be a familiar sufficient location to go when you want to purchase overpriced HDMI cable televisions and knockoff earphones.