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RadioShack (formerly written as Radio Shack) is an American electronics retailer that was established in 1921 as an amateur radio mail-order business. Its original parent company, Radio Shack Corporation, was purchased by Tandy Corporation in 1962, shifting its focus from radio equipment to hobbyist electronic components sold in retail stores.
Incredible Universe was created with the intention to compete with rapidly growing electronics superstores like Circuit City, Best Buy, and CompUSA that were taking market share from Radio Shack. The company hoped that customers would drive up to 40 miles to a store, allowing one location to serve an area with as few as one million people, with ...
By then computers were 35% of Radio Shack sales; the Model 100 was the world's best-selling notebook computer, while Tandy was the leading Unix vendor by volume, selling almost 40,000 units of the 68000-based, multiuser Tandy Model 16 with Xenix, [17] [23] and began selling all computers using the Tandy brand [24] because, an executive admitted ...
What: Shares of Radio Shack took an afternoon dive. Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they ...
In 1970, the Tandy Corporation, Radio Shack's former parent company, purchased Allied Radio, the consumer division, along with Allied Electronics, the industrial division. [4] In 1999, Allied became the North American division of Electrocomponents. In 2016, Allied expanded into South America with a full-service office in Santiago, Chile, and in ...
With fewer than 100 stores, far fewer than the aggressively expanding Radio Shack's thousands of local outlets, Lafayette Radio remained more of a dedicated enthusiasts' store than a mass marketer. The company was also hurt by the advent of electronics retailers relying on aggressive marketing techniques and competitive pricing in the late 1970s.
Micro Center was founded in Columbus, Ohio in 1979 by John Baker and Bill Bayne, two former Radio Shack employees, with a $35,000 investment. [2] [8] Rick Mershad is the current CEO and President of Micro Center. Mershad was one of the first 10 employees of the company, starting as a Sales Associate two years after the company's founding. [9]
In 1963, Tandy changed its business to electronics when it acquired control of RadioShack, a forty year old electronics business with nine stores and a mail order arm. From 1963 to 1986, RadioShack grew to more than 6900 stores and dealers in the United States, with a further 2,100 stores and dealers in Canada, Europe and Australia. [1]