As a result, RadioShack shuttered several company-owned stores and announced plans to shift its business primarily online. In March 2017, General Wireless and subsidiaries filed for bankruptcy, claiming that a store-within-a-store partnership with Sprint was not as profitable as expected. In May 2015, the company's assets, including the RadioShack brand name and related intellectual property, were purchased by General Wireless, a subsidiary of Standard General, for US$26.2 million. In February 2015, after years of management crises, poor worker relations, diminished revenue, and 11 consecutive quarterly losses, RadioShack was delisted from the New York Stock Exchange and subsequently filed for Chapter 11 bankruptcy. At its peak in 1999, Tandy operated over 8,000 RadioShack stores in the United States, Mexico, the United Kingdom, Australia, and Canada.īy the mid-2000s, RadioShack was facing financial decline. The company was purchased by Tandy Corporation in 1962, shifting its focus from radio equipment to hobbyist electronic components. It was initially established as an amateur radio mail-order business centered in Boston, Massachussetts.
RadioShack, formerly RadioShack Corporation, is an American electronics retailer founded in 1921. Retail ECommerce Ventures (REV November 2020-present) General Wireless IP Holdings LLC (2015–2020)
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