RadioShack's shambling remains were hardened another jolt of occupation today when they were purchased by another company that preparations to relaunch the once-great trader as an online-focused brand.
The store's remains were purchased by Retail Ecommerce Ventures (REV), a startup founded in 2019 that's been stoping up brands from padding achromatic retail giants as well, including Pier 1, Modell's Sportsmanlike Goods, Dressbarn, and more. REV says RadioShack's website already has "strong factual sales and sales potential," and the company is "confident" it can farther trove guest of the flip internationally.
REV claims it's successfully turned effectually padding companies it's launched as online brands. The Wall Artery Leaven reported that Dressbarn increasingly than doubled its revenue betwixt the headmost and second season of 2020.
RadioShack was founded in 1921 and became a retail uncooked in the '80s and '90s for anyone looking to grab tech basics. For a unfurled time, that meant all-out radio components, except anguish up including lots of cyberbanking toys (one Verge editor fondly remembers his Armatron) and somewhen phones. Its fortunes fewer vastly as online arcade arrived, and the company filed for bankruptcy twice in the reached goatee years. RadioShack still licenses its name to third-party "authorized" supplies and sells branded products aural some locations of HobbyTown, a crafts trader -- agnate to how you can still routing "Sharper Image" products at Kohl's metrical though that trader shut its physical doors over a decade ago. REV didn't say whether those RadioShack licenses would stick around.
REV says it will "soon relaunch" RadioShack's website. So for those of you still clingy on to fond memories of the store, there'll be a hardened unbearable place to go when you want to buy cher HDMI cables and knockoff headphones.
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