It looks like the closest thing we have to a RadioShack buyer is private-equity firm Blackstone Group, in a deal that could reach $3 billion, the New York Post reports. The article says that CEO Julian Day wants to accelerate the selling process and is making presentations to bidders this week, which could also include Kohlberg Kravis Roberts & Co., Bain Capital and TPG.
The firms are reportedly interested in the chain because of its growing mobile phone business. Rival Best Buy was said to show interest in RadioShack, but that retailer is already growing its own mobile offerings.
Continue reading ‘Finally a Buyer for RadioShack?’
Published April 27, 2010
Best Buy , RadioShack , Sears , Wal-Mart
RadioShack, or The Shack as it now likes to be called, keeps turning in impressive financial results, mainly due to its mobile-phone selling success. Net income in its Q1 hit $50.1 million, up from $43.1 million in the same year-ago period, and same-store sales rose 4.7%
Sales got a boost by the addition of T-Mobile to its wireless service providers, adding it to Sprint Nextel and AT&T. It also started selling iPhones last year.
Continue reading ‘RadioShack Continues Its Turnaround’
Published March 26, 2010
Best Buy , RadioShack
The New York Post reports that RadioShack could put itself up for sale and one potential buyer could be Best Buy. The reason Best Buy might show interest is because it has tested smaller stores and wants to make bigger waves in the wireless and handheld business, the paper asserts.
Other options for RadioShack include finding another buyer, or using its $900 million in cash to take on a major share buyback or undertake its own large acquisition of another outfit. Some, however, are skeptical that anyone would purchase RadioShack.
Continue reading ‘Would Best Buy Acquire RadioShack?’
Published November 16, 2009
RadioShack , The Shack
We haven’t read much lately about big retail companies moving their headquarters, so we found reports about RadioShack leaving the Fort Worth area interesting. One area the company is supposedly considering for a new home is Tampa, FL.
Also under consideration are Charlotte, NC; Nashville, TN; and Albuquerque, NM. Spokespeople for the retailer aren’t talking about the possible move.
Continue reading ‘RadioShack Headed to Florida?’
Published August 4, 2009
RadioShack , The Shack
RadioShack will change its name to “The Shack” as part of a new marketing campaign to make the company sound catchier. The retailer will apparently not change its name permanently, but executives are looking for a kind of shorthand that worked for Coke or FedEx.
In recent years RadioShack has closed stores and increased its mobile presence to secure its relevancy. Last quarter’s same-store sales were down 4%, an improvement from the 9.2% slide during its fourth quarter.
Continue reading ‘RadioShack Without the Radio?’