[Uncomfirmed][Rumor]Radio Shack Closing


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  1. wayne8888

    wayne8888 Member This Topic's Starter

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    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.
     

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  2. gezzuzz

    gezzuzz Well-Known Member

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    they are getting bought by best buy
     
  3. justinholt123

    justinholt123 Well-Known Member

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

    SteveChiller Well-Known Member

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    [​IMG]
     
    excav8ter likes this.
  5. pgus13

    pgus13 Well-Known Member

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    Might want to check this out.....

    Check out #7.....

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

    MisterEd Well-Known Member

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    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.
     
  7. pwnst*r

    pwnst*r Well-Known Member

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    Link or shut it.
     
  8. zamardii12

    zamardii12 Well-Known Member

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    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.
     
  9. seigex

    seigex Well-Known Member

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

    hodgsonevo Active Member

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

    Budah Member

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    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.
     
  12. thaboyz

    thaboyz Well-Known Member

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    All this talk about Circuit City makes me miss my old job :/
     
  13. ImmaSlave4U

    ImmaSlave4U Well-Known Member

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    I've also heard from a Shack manager that Best Buy is looking to buy RadioShack.
     
  14. tech1greek

    tech1greek Active Member

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    So much for competition...:rolleyes:

    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.
     
  15. GaryColeman

    GaryColeman Well-Known Member

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    "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...."
     
  16. AmericanTemplar

    AmericanTemplar Well-Known Member

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  17. JunBringer

    JunBringer Well-Known Member

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    lol @ The Onion article.
     
  18. pgus13

    pgus13 Well-Known Member

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  19. dbpaddler

    dbpaddler Well-Known Member

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  20. Rob_A

    Rob_A Well-Known Member

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

    Howie Well-Known Member

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    ...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...
     
  22. clambert1273

    clambert1273 Well-Known Member

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    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! :D now I know and am on it now :D
     
  23. dbpaddler

    dbpaddler Well-Known Member

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    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.
     
  24. pgus13

    pgus13 Well-Known Member

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  25. dbpaddler

    dbpaddler Well-Known Member

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

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