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RadioShack, which filed for bankruptcy for the second time last week, is closing 36 percent of its total stores.
In 1970, Tandy Corporation bought Allied Radio Corporation (both retail and industrial divisions), merging the brands into Allied Radio Shack and closing duplicate locations. After a 1973 federal government review, the company sold off the few remaining Allied retail stores and resumed using the Radio Shack name.
Just for Feet – bankrupt in 1999, acquired by Footstar, final stores closed in 2004. MC Sports – filed for bankruptcy and closed in 2017. Modell's Sporting Goods – first store opened in 1889. On March 11, 2020, the company filed for bankruptcy, and announced it would close all 115 stores.
Incredible Universe. Incredible Universe was a chain of American consumer electronics stores from 1992 to 1997. A typical Incredible Universe was 185,000 square feet (17,200 m 2) of sales floor and warehouse, stocking around 85,000 items. [ 2] The operation was conceived by former Tandy CEO John Roach. Many internal corporate philosophies of ...
Getty Images/Justin Sullivan RadioShack (RSH) may have scored a viral hit in February with its Super Bowl ad starring 1980s icons gutting one of its stores, but now it's going to need Hulk Hogan ...
Headquarters. Syosset, New York. Lafayette Radio Electronics Corporation was an American radio and electronics manufacturer and retailer from approximately 1931 to 1981, headquartered in Syosset, New York, a Long Island suburb of New York City. The company sold radio sets, Amateur radio (Ham) equipment, citizens band (CB) radios and related ...
Tandy Corporation was an American family-owned leather -goods company based in Fort Worth, Texas, United States. Tandy Leather was founded in 1919 as a leather supply store. By the end of the 1950s, under the tutelage of then-CEO Charles Tandy, the company expanded into the hobby market, making leather moccasins and coin purses, making huge ...
Radio Shack did, however, issue a statement to CNBC later in the day, saying its balance sheet was strong, with $820 million in liquidity; but, like other companies, it found reason to entertain ...