[Uncomfirmed][Rumor]Radio Shack Closing

[wayne8888]

Has anybody heard about Radio Shack going out of business? If so, I wonder who will take over for the wireless insurance. I chose to use them at $99 for 2 years for my Evo. Ironically, Radio Shack took over the extended service warranties of Circuit City (including my Samsung LCD) when Circuit City closed.

 

[gezzuzz]

they are getting bought by best buy

 

[justinholt123]

you are both wrong, try this really neat thing called google every once in a while

 

[SteveChiller]

you are both wrong, try this really neat thing called google every once in a while

 

[pgus13]

Might want to check this out.....

Check out #7.....

I know it is a prediction but you never can tell!

 

[MisterEd]

Has anybody heard about Radio Shack going out of business? If so, I wonder who will take over for the wireless insurance. I chose to use them at $99 for 2 years for my Evo. Ironically, Radio Shack took over the extended service warranties of Circuit City (including my Samsung LCD) when Circuit City closed.

I doubt it's true but I am still amazed they have lasted this long.

Way too many stores.
Underpaid employees with ZERO knowledge (exceptions of course)
An inventory with a whole lot of nothing.
WAY overpriced.
Can't stay in business selling overpriced batteries.

 

[pwnst*r]

Link or shut it.

 

[zamardii12]

Even when I google "Radioshack going out of business," all that comes up is some bogus article from The Onion... so I don't think it's true.

 

[seigex]

Hey I heard Circuit City and Montgomery Wards are going out of business too!

 

[hodgsonevo]

Has anybody heard about Radio Shack going out of business? If so, I wonder who will take over for the wireless insurance. I chose to use them at $99 for 2 years for my Evo. Ironically, Radio Shack took over the extended service warranties of Circuit City (including my Samsung LCD) when Circuit City closed.

$22 dollar/share company, By definition they cannot be going out of business when the company is worth $2.7billion. get a clue

 

[Budah]

They aren't going out of business but are a buyout target for sure. If they were bought by Best Buy or someone else they would still have to honor the warranty.

 

[thaboyz]

All this talk about Circuit City makes me miss my old job :/

 

[ImmaSlave4U]

they are getting bought by best buy

I've also heard from a Shack manager that Best Buy is looking to buy RadioShack.

 

[tech1greek]

I've also heard from a Shack manager that Best Buy is looking to buy RadioShack.

So much for competition...

I am not a fan of Radio Shack, but I am a fan of competition and judging from Best Buys already high markups; acquiring Radio Shack would do nothing good for the consumer...IMO.

 

[GaryColeman]

"Radioshack bids in
Blackstone emerges in auction's first round By JOSH KOSMAN and JAMES COVERT
Last Updated: 2:45 AM, June 1, 2010

An auction of RadioShack is heating up fast, with big private-equity firms including Blackstone Group squaring off against at least one potential corporate acquirer, The Post has learned.

As reported exclusively by The Post, the Texas-based electronics chain has hired Goldman Sachs to explore strategic alternatives including a possible sale of the company that could fetch more than $3 billion.
An initial round of bids was completed last week, and Blackstone is a leading participant, according to sources familiar with the matter. Kohlberg Kravis Roberts & Co. is seen as a likely rival bidder, with private-equity shops Bain Capital and TPG also likely in the mix...."

Read more: Private-equity firms eyeing RadioShack. - NYPOST.com
​

 

[AmericanTemplar]

I do recall reading this a while back: http://mobile.theonion.com/articles/even-ceo-cant-figure-out-how-radioshack-still-in-b,2190/

 

[JunBringer]

lol @ The Onion article.

 

[pgus13]

I forgot to include the lick from AOL about predictions on companies going out of business but here is a link that the 2nd poster posted

RadioShack looking for a buyer, possibly Best Buy

So it is LINKED and now you need to apologize!!

 

[dbpaddler]

You're posting that as serious info?

I do recall reading this a while back: http://mobile.theonion.com/articles/even-ceo-cant-figure-out-how-radioshack-still-in-b,2190/

 

[Rob_A]

I doubt it's true but I am still amazed they have lasted this long.

Way too many stores.
Underpaid employees with ZERO knowledge (exceptions of course)
An inventory with a whole lot of nothing.
WAY overpriced.
Can't stay in business selling overpriced batteries.

Sounds like you're describing Best Buy, except for the batteries part. Change that to "HDMI cables"

 

[Howie]

...what ISN'T Best Buy overpricing??

But, Circuit City still lives. They just have no brick-and-mortar stores
About CircuitCity.com
Kind of strange...

 

[clambert1273]

my husband used to be a manager at Circuit City... he said they probably have the website going like that to pay the creditors ...

It is nice that they do.. I have missed them! now I know and am on it now

 

[dbpaddler]

That is not Circuit City. That is but a name, rights bought by Tiger Direct who also own the CompUSA name as well. Trusted names people know and feel comfortable buying from online since Tiger Direct didn't have the greatest name for awhile.

...what ISN'T Best Buy overpricing??

But, Circuit City still lives. They just have no brick-and-mortar stores
About CircuitCity.com
Kind of strange...

 

[pgus13]

Here is the link I forgot to add last night.....check out #7

11 Brands That Will Disappear In 2011: 24/7 Wall Street

 

[dbpaddler]

wall street speculation? There's one of those articles every year, and they're lucky if one or two actually come to fruition.