Aw, RadioShack declares bankruptcy.

  • Posted by a hidden member.
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    Feb 06, 2015 9:04 AM GMT
    I'm looking at Top Stories on my Roku3.
  • roadbikeRob

    Posts: 14335

    Feb 07, 2015 10:42 PM GMT
    Another longtime retailer bites the dust. I wonder when Sears will finally suffer the same fate because they just can't compete. Exactly like radio shack.
  • Destinharbor

    Posts: 4433

    Feb 08, 2015 1:01 AM GMT
    Aw, too bad. I used to love that place when I was a kid. They just couldn't figure out how to evolve. Kind of an odd collection of stuff and none of it unique. No one builds their own radios anymore. Or wires up their rooftop antenna.
  • Svnw688

    Posts: 3350

    Feb 08, 2015 1:37 AM GMT
    The bankruptcy proceeding is a Chapter 11 proceeding, which is a reorganization as opposed to a liquidation.

    All the news articles calling this the "end" of Radioshack are flat-out wrong. It MIGHT be the end. The reorganization plan MIGHT call for a liquidation, scrubbing the name RadioShack and otherwise doing away with the business. Or it could be a calculated attempt to reemerge smaller, leaner and with less debt.

    I spent a year and a half of my life helping to "reorganize" two MAJOR companies, Chrysler being one of them. Chrysler still exists as does the other company. Emergence from bankruptcy courts is the norm, not the exception to the rule. In short, it's a cheap trick to short-change poor people ("unsecured creditors") and leave them holding the bill. Literally Chrysler was purchased by "New Chrysler" and "Old Chrysler" formally became "Old Carco."

    Reorganization with top lawyers is a legal 'get out of jail free' card. I'm neither for or against it, I'm just saying RadioShack's filing is not necessarily "the end." There's still tremendous value in the company and name, their debt is the problem. Bankruptcy can purge some of that debt. We'll have to wait to see what happens.
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    Feb 08, 2015 2:07 AM GMT
    Svnw688 saidThe bankruptcy proceeding is a Chapter 11 proceeding, which is a reorganization as opposed to a liquidation.

    All the news articles calling this the "end" of Radioshack are flat-out wrong. It MIGHT be the end. The reorganization plan MIGHT call for a liquidation, scrubbing the name RadioShack and otherwise doing away with the business. Or it could be a calculated attempt to reemerge smaller, leaner and with less debt.

    I spent a year and a half of my life helping to "reorganize" two MAJOR companies, Chrysler being one of them. Chrysler still exists as does the other company. Emergence from bankruptcy courts is the norm, not the exception to the rule. In short, it's a cheap trick to short-change poor people ("unsecured creditors") and leave them holding the bill. Literally Chrysler was purchased by "New Chrysler" and "Old Chrysler" formally became "Old Carco."

    Reorganization with top lawyers is a legal 'get out of jail free' card. I'm neither for or against it, I'm just saying RadioShack's filing is not necessarily "the end." There's still tremendous value in the company and name, their debt is the problem. Bankruptcy can purge some of that debt. We'll have to wait to see what happens.


    Yes you're right. In fact Sprint is buying half the stores (other half will close) and RS will become a store within the store. US Air went through a few BKs.
  • Svnw688

    Posts: 3350

    Feb 08, 2015 2:28 AM GMT
    Yea, RadioShack's name alone is EASILY recognizable and known. You hear RadioShack, you think electronics.

    Not sure what'll happen, but if nobody wants that name I'll sure as heck take it off their hands. We'll be hearing more from "The Shack."
  • AMoonHawk

    Posts: 11406

    Feb 08, 2015 2:50 AM GMT
    Over priced merchandise... it was only a matter of time
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    Feb 08, 2015 4:45 AM GMT
    For us folks who grew up with Radio Shack (late 70's to early 90's), its kind of heart breaking, hopefully they can restructure and reinvent themselves into the 21st century. Before computers, many of us do-it-yourself-ers would shop Radio Shack for everything electronic, especially home or car audio. Realistic was Radio Shack premium brand and their best item was their home speakers. Before small 'surround sound', home speakers were massive, bass reflective from 8" -15" woofers that would just rock your walls with the proper watt output from your massive receiver with its built in amplifier and separate equalizer. Home speakers were once considered 'furniture' and Radio Shack help set the bar. Before flat screen TV's, Pioneer, Panasonic, JVC, JBL, Cerwin Vega, Realistic were all pumping out the bass in their respective speaker lines, never plastic, always a wood or veneer speaker housing that you could buy in the store. Realistic brands (not Radio Shack brands) are now vintage collector items.

    I am still the proud original owner of the Realistic Optimus 900 Speakers, 12 INCH WOOFER, 4 INCH MIDRANGE, 2.5 INCH TWEETER I bought in the early 80's (I was still in high school). 2 years ago, I had the woofer cones re-foamed for the first time since old age denigrated it. They still sound great after all these years, hooked up to my Sony receiver. I was impressed with the ebay asking price of $135 for the pair. Mine are much nicer condition than these below, you can see the cone foam needs replacing.

    http://www.ebay.com/itm/251718091340

    $_35.JPG

    $_57.JPG
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    Feb 08, 2015 5:36 AM GMT

    I had a Marantz receiver but this was the Shack top line @ $500!


    Realistic_STA-2600_Catalog.jpg
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    Feb 08, 2015 5:44 AM GMT
    This is how, old school, we did it, earth shaking bass! icon_lol.gif

    15" on the bottom, 12" on the top


    8359641910_3b83f869e7_b.jpg
  • Svnw688

    Posts: 3350

    Feb 08, 2015 7:20 AM GMT
    Wow, seeing those pics made me remember the speakers we had when I was a child in the 80s. You're right!
  • MikemikeMike

    Posts: 6932

    Feb 08, 2015 9:08 AM GMT
    AMoonHawk saidOver priced merchandise... it was only a matter of time


    So true plus even their batteries didn't last like Energizer, or Duracell.

    Glad I bought into Energizer! ENR baby!
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    Feb 08, 2015 2:50 PM GMT
    ELNathB saidThis is how, old school, we did it, earth shaking bass! icon_lol.gif

    15" on the bottom, 12" on the top


    8359641910_3b83f869e7_b.jpg


    "15" on the bottom, 12" on the top"

    Sounds pretty obscene to me !!!!!

    At least the 15 incher wasn't on top. That would really hurt.
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    Feb 08, 2015 2:56 PM GMT
    ELNathB saidThis is how, old school, we did it, earth shaking bass! icon_lol.gif

    15" on the bottom, 12" on the top


    8359641910_3b83f869e7_b.jpg


    Yeah, that's pretty much how we did it. Looks like he's got a KD500 as a turntable so this would have been late 70s early 80s.

    Edit: and CDs so this was well into the 80s.

    I had a Dual turntable, JBL L45s and a Marantz 2270 as a starter system in the 10th grade if I recall correctly. Maybe a little earlier than that.

    Then right after high school when I moved out, I really got into it and had EL57s, Maggies, later a pairs of Dayton Wrights XGIIs, KLH9s and its been crazy ever since. I have a divorce I can frankly credit to my audio and car hobbies and it's been a path of destruction ever since.