I recognize that market exists, but I also recognize it's probably a lot smaller than it was in the 80s (and that might be disappointing or whatever, but that's business). It's no surprise that the niche market providers moved online, where it's less convenient but much, much cheaper and more profitable to operate. that's probably not a significant enough market enough to sustain a chain of stores that size, and satisfy the growth that a corporation typically likes to have. They probably don't have the resources to change course now though.Īs much as many people are nostalgic for their childhood toys and kits, or professionals and hobbyists need electronic components. I don't want to see RadioShack shut down. Honestly, I wish they would snap out of this Best Buy-imitating strategy and go back to what they used to do best. TL DR - Don't expect much from this transition, the company you loved is dead. Nonetheless, it looks like Sprint is angling for a Source of their own. We didn't, because they refused to guarantee it would arrive on launch day so nobody wanted to lay out the cash, and they kept their word. We were also told we would not receive the iPhone 5S or the Galaxy S5 for months if we didn't sell a preorder.
We ostensibly sold the HTC M7, if our display was to be believed, but we never actually had one to activate. They had a similar problem to one RadioShack already has - we were last in our mall to receive new phones, and anything remotely high end came in one at a time if it came in at all. Their Facebook page is a litany of misery, because their website and their flyers both like to make promises the company may not be able to honour- from shipping dates, to price, to availability. They do very well in small towns where competition is scarce, but they're relying heavily on phones and online shopping to keep things afloat. The majority of the staff never bother with the bits and pieces, and pass those customers off to the one associate in every store who knows the arcane language of the hobbyist. The margins are tiny on those items, and they don't train you on what any of it is. "Want those parts and batteries free? In-store credit on $0 phones, I'm paying you to take my stuff! MADNESS!", etc. Bell is pretty aggressive about selling cell phones, but they did keep a barebones parts section stocked as bait for the technical.
I worked for The Source for about a year helping run two stores, and customers would always lament the demise of RadioShack in Canada. Surely, this has some implications on the future of the US version of Radio Shack? Following the acquisition, Bell turned the chain around to profitability, and turned it into a significant source of sales for mobile phones, service plans, and accessories. I think it's worth noting that Radio Shack's Canadian operation was spun off to "The Source by Circuit City" which was later bought out by Bell Canada, the country's largest telecom.
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