{"id":3935,"date":"2014-06-23T09:50:48","date_gmt":"2014-06-23T09:50:48","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/?p=3935"},"modified":"2014-06-23T09:50:48","modified_gmt":"2014-06-23T09:50:48","slug":"company-snapshot-radioshack","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2014\/06\/company-snapshot-radioshack\/","title":{"rendered":"Company Snapshot: RadioShack"},"content":{"rendered":"

RadioShack Corporation <\/strong><\/p>\n

Address:<\/strong>
\n<\/strong>300 RadioShack Circle
\nFort Worth, Texas 76102<\/p>\n

Telephone<\/strong>:
\n<\/strong>817-415-3011<\/p>\n

Website<\/strong>:
\n<\/strong>www.RadioShackCorporation.com<\/a> <\/strong><\/p>\n

Year founded:<\/strong>
\n<\/strong>1919<\/p>\n

Total Stores:<\/strong>
\n<\/strong>5,420<\/p>\n

Total Annual Sales:<\/strong>
\n<\/strong>$3,434,300,000 <\/strong><\/p>\n

Senior Executive:<\/strong>
\n<\/strong>Joseph C. Magnacca- CEO<\/p>\n

RadioShack has been facing stagnant annual financials for the current century.\u00a0 The recession remarkably saw a continuation of this smothering trend, positively helped in large part by the growing popularity of mobile phones, especially the advent of smart phones.<\/p>\n

Lately the numbers have been sagging badly.\u00a0 This, despite the hiring of Joe Magnacca early last year, as CEO after his most impressive stint building the new Duane Reade\/Walgreens.<\/p>\n

Mr. Magnacca has brought his people into key executive positions and as expected used his expertise to enhance the merchandising mix.\u00a0 RadioShack won plaudits with their Super Bowl commercial, which introduced its much-needed new store concept.\u00a0 Many observers rated it the best of the Super Bowl ads.<\/p>\n

However designing a bold, new store prototype is only the beginning of a successful redesign.\u00a0 The cost and complexity of radically remodeling several thousand locations, causes a financially struggling company to pause.\u00a0 In the meantime, early this year the company announced its intention to close 1,000 locations.\u00a0 This came under fire as this number of closures was in violation of contractual agreements with the company\u2019s creditors.\u00a0 The number of anticipated closures for this year has since been reduced to 200.<\/p>\n

In its recently issued quarterly report, RadioShack announced that same-store sales declined 14%.\u00a0 Despite this, the still relatively new Magnacca administration remains optimistic and innovative.\u00a0 They see their new store concept as an ultimate winner and are experimenting with rollouts of in-store repair services, first for cell phones and then for computers which are out of warranty.<\/p>\n","protected":false},"excerpt":{"rendered":"

RadioShack Corporation Address: 300 RadioShack Circle Fort Worth, Texas 76102 Telephone: 817-415-3011 Website: www.RadioShackCorporation.com Year founded: 1919 Total Stores: 5,420 Total Annual Sales: $3,434,300,000 Senior Executive: Joseph C. Magnacca- CEO RadioShack has been facing stagnant annual financials for the current century.\u00a0 The recession remarkably saw a continuation of this smothering trend, positively helped in large… Continue reading Company Snapshot: RadioShack<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-template-no-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[15],"class_list":["post-3935","post","type-post","status-publish","format-standard","hentry","category-discount-specialty","tag-snapshot","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/3935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=3935"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/3935\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=3935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=3935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=3935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}