It’s official.
RadioShack has filed for bankruptcy.
Call me naïve, but I really don’t think this had to happen. I realize I’m ‘Monday Morning quarterbacking’ (Why DID Seattle throw that pass on the one yard line?!?! I digress….) but RadioShack had made some bad choices.
RadioShack’s bankruptcy, which has been expected for months, follows 11 consecutive unprofitable quarters as the company has failed to transform itself into a destination for mobile phone buyers. Its sale agreement with Standard General could spare it the fate most retailers suffer in Chapter 11 – liquidation.
A destination for mobile phone buyers. Seriously? You can get a cell phone at WalMart for pete sakes!
RadioShack made multiple attempts at rebranding, as if a logo or name change was going to pull them out of obscurity. It wasn’t enough.
As someone who has literally gone to RadioShacks my whole life, the one thing that RadioShack fell away from was what made it famous in the first place.
RadioShack was trailblazing as a Maker store long before people even used the term “Maker.” Yet, as the years passed, the only things that qualified as maker-esque were buried in the far corners of the store, literally collecting dust. Most employees, it seemed, liked techie stuff, but weren’t that well versed in maker-esque components that were on their shelves.
I went over to Google Trends and looked at a few search terms to see how often people were Googling certain terms since 2010 (I didn’t put these all on one graph because there were scaling issues)
Every trend is going up.
But, not this one: Read the rest of this entry »