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In 1993, Dixons decided to throw in the towel on its investment, and sold a controlling stake in Silo for $45 million (~$85.7 million in 2023) to Fretter, Inc. Fretter was a Detroit, Michigan-based company, operating electronics stores under the Fretter's, YES! (short for Your Electronics Store), Dash Concepts, and Fred Schmid banners.
In 1993, Fretter also acquired their biggest competition of the time Silo Electronics, a company that had previously not turned a profit since the 1980s. This was an attempt by Fretter to compete with its new major competition, electronic superstores Circuit City and Best Buy, which were larger than Fretter's stores. The merger temporarily made ...
Federated Group was an American chain of consumer electronics retail stores with 67 stores in California, Texas, Arizona, and Kansas. [1] The company was founded by Wilfred Schwartz in 1970, and opened the first deep discount consumer electronics "superstore" in the United States. [2]
Olson Electronics (currently a redirect that needs expansion) – a nationwide electronics store chain founded in 1927 by brothers Sidney, Philip and Irving Olsen in Akron, Ohio; at one time had more retail locations than Radio Shack; sold to Teledyne in 1968 and rebranded Teledyne Olson Electronics; later sold to 3 Chicago investors in August ...
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Sun Television and Appliances was a speciality retailer of consumer electronics, home appliances, and office equipment founded in 1949 by brothers Macy and Herbie Block. The company had stores in cities throughout the midwest, and also operated stores in rural areas of the United States, where there was no other competition [1] in Ohio, Indiana, New York, Pennsylvania, Maryland, West Virginia ...
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