In 1954, Radio Shack began selling its own private-label products under the brand name Realist, changing the brand name to Realistic after being sued by Stereo Realist.ĭuring the period the chain was based in Boston, it was commonly referred to by its customers as "Nagasaki Hardware", disparagingly, as much of the merchandise was sourced from Japan, then perceived as a source of low-quality, inexpensive parts. The company issued its first catalog in 1939 as it entered the high fidelity music market. The term was already in use - and is to this day - by hams when referring to the location of their stations. The idea for the name came from an employee, Bill Halligan, who went on to form the Hallicrafters company.
The Deutschmanns thought the name was appropriate for a store that would supply the needs of radio officers aboard ships, as well as hams (amateur radio operators). They chose the name " Radio Shack", which was the term for a small, wooden structure that housed a ship's radio equipment. The brothers opened a one-store retail and mail-order operation in the heart of downtown Boston at 46 Brattle Street. The company was started as Radio Shack in 1921 by two brothers, Theodore and Milton Deutschmann, who wanted to provide equipment for the nascent field of amateur radio (also known as ham radio). On March 2, 2023, Retail Ecommerce Ventures, RadioShack's current parent, announced that it was mulling a possible bankruptcy filing. RadioShack operates primarily as an e-commerce website, a network of independently owned, franchised RadioShack stores, and a supplier of parts for HobbyTown USA. In November 2020, Retail Ecommerce Ventures (REV), a holding company owned by Alex Mehr and his partner Tai Lopez, a controversial investment influencer, acquired RadioShack. and subsidiaries filed for bankruptcy, claiming its Sprint partnership was not as profitable as expected, and announced plans to close most of their company-owned stores after Memorial Day Weekend in 2017, and to shift its business primarily to online. General Wireless IP Holdings LLC retained rights to the RadioShack brand in all remaining territories. Egypt-based Delta RS for Trading acquired the RadioShack brand within North Africa and the Middle East. El Salvador-based Unicomer Group acquired the RadioShack brand within the rest of Latin America and the Caribbean. Mexico-based Grupo Gigante, through its subsidiary RadioShack de México, acquired the RadioShack brand within Mexico. was formed to operate the RadioShack stores, and General Wireless IP Holdings LLC was formed to hold the intellectual property. In May 2015, General Wireless Inc., an affiliate of Standard General, bought the company's assets, including the RadioShack brand name and related intellectual property, for US$26.2 million. At the time, it was operating only in the United States and Latin America. In February 2015, RadioShack Corporation filed for Chapter 11 protection under United States bankruptcy law after 11 consecutive quarterly losses. Outside of those territories, the company licensed other companies to use the RadioShack brand name in parts of Asia, North Africa, and the Americas. RadioShack, formerly RadioShack Corporation, is an American retailer founded in 1921.Īt its peak in 1999, Tandy Corporation operated over 8,000 worldwide stores named Radio Shack or Tandy Electronics in the United States, Mexico, the United Kingdom, Australia, and Canada. To comply with Wikipedia's lead section guidelines, please consider modifying the lead to provide an accessible overview of the article's key points in such a way that it can stand on its own as a concise version of the article.
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