Find Radioshack Still In Business 2022

The good news is that since today RadioShack. Radioshack Still In Business… has formally been bought by Retail Ecommerce Ventures (REV), offering the troubled business a new lease on life. The disadvantage, at least for folks like us, is that there are no instant plans to return the iconic electronics seller to its brick-and-mortar roots. As the name implies, REV focuses on online retail, having formerly revamped the Web presence of other insolvent organizations such as Pier 1 Imports and Dressbarn.

While the press release does not outright prevent the possibility of new physical RadioShack places, it’s clear that REV believes the future of retail isn’t to be found in your local strip mall. As the US mulls further lockdowns in response to the continuing COVID-19 pandemic, it’s tough to disagree. There will be millions of bored kids and grownups searching for something to do throughout the long winter nights, and an electronic set or 2 shipped to their door might be simply the important things.

REV states they prepare to relaunch the rather dated RadioShack website in the nick of time for the business’s 100th anniversary in 2021. As of this composing the website currently states that sales have actually been briefly halted to allow for inventory restructuring, though it’s unclear if this is directly related to the buyout or not. Getting an accurate count of how much merchandise the company still has on hand after shuttering most of their physical places in 2017 certainly sounds like something the new owners would want to do.

We all understand how that story ended.

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

The store’s remains were purchased by Retail Ecommerce Ventures (REV), a startup founded in 2019 that’s been scooping up brand names from other faded retail giants also, including Pier 1, Modell’s Sporting Item, Dressbarn, and more. REV states RadioShack’s site currently has “strong existing sales and sales potential,” and the business is “confident” it can even more raise awareness of the brand internationally.

REV declares it’s effectively turned around other companies it’s introduced as online brands. The Wall Street Journal reported that Dressbarn more than doubled its income between the 2nd and very first quarter of 2020.

RadioShack was founded in 1921 and became a retail staple in the ’80s and ’90s for anyone wanting to get tech basics. For a very long time, that implied actual radio elements, however wound up including lots of electronic toys (one Edge editor fondly remembers his Armatron) and ultimately phones. Its fortunes decreased vastly as online shopping showed up, and the company declared bankruptcy twice in the past five years. RadioShack still accredits its name to third-party “licensed” shops and sells branded items within some locations of HobbyTown, a crafts retailer– similar to how you can still find “Sharper Image” products at Kohl’s even though that seller shut its physical doors over a years back. REV didn’t state whether those RadioShack licenses would stick around. Radioshack Still In Business

REV says it will “quickly relaunch” RadioShack’s website. For those of you still sticking on to fond memories of the store, there’ll be a familiar sufficient place to go when you desire to buy pricey HDMI cable televisions and knockoff earphones.