{"id":8729,"date":"2014-02-05T08:23:15","date_gmt":"2014-02-05T12:23:15","guid":{"rendered":"http:\/\/swling.com\/blog\/?p=8729"},"modified":"2014-02-05T08:26:19","modified_gmt":"2014-02-05T12:26:19","slug":"radioshack-to-close-500-retail-stores","status":"publish","type":"post","link":"https:\/\/swling.com\/blog\/2014\/02\/radioshack-to-close-500-retail-stores\/","title":{"rendered":"RadioShack to close 500 retail stores"},"content":{"rendered":"

\"RadioShackAdClip\"<\/a>After serving up a comical, self-effacing Super Bowl ad<\/a>\u00a0on Sunday, RadioShack’s stock momentarily surged, only to plummet after RadioShack announced yesterday<\/a> that they are to close about 500 of their 4,500 retail stores in the coming months.<\/p>\n

RadioShack admitted through its ad that the retailer’s mindset had been “stuck in the 80s”–an outdated image to make way for “Do It Together” brand positioning<\/a>. Now investors must be questioning if “The Shack” can thrive in a retailing environment dominated by online and big-box retailers.<\/p>\n

While many radio listeners and amateur radio operators (like myself) miss the early decades of their retail offerings, RadioShack is the only chain I know of in the US that still carries shortwave radios on their shelves–an easy access point for newcomers to SWLing.\u00a0I imagine part of RadioShack’s new brand positioning will eliminate legacy product lines as they are no longer as profitable as they once were.<\/p>\n

Many thanks to Dave (N9EWO)<\/a> for the tip.\u00a0<\/em><\/p>\n