If you don't like my posts Im a reasonable man.
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Amazon did not immediately respond to CNET's request for comment. RadioShack declined to comment.
Interesting story and perhaps history unfolding these next few weeks.
Looks like the locations had recent updates.
Recently, the company made improvements to nearly all U.S. company-owned stores. This includes more than 100 concept and brand statement stores, which feature bright, completely redesigned interiors and the new exterior signage featuring the company’s new look, incorporating interactive areas designed to help shoppers improve their technology profile. The company also completed a major reset of 2,000 locations with brighter, updated interiors including new paint and merchandising. All stores completed a product refresh during the same period, creating a cleaner shopping environment and making room for must-have products. RadioShack also recently launched the Fix It Here! service which offers same-day repair for many of today’s most popular mobile devices. Fix It Here! is available in over 750 RadioShack stores around the country.
Keep an eye on Radioshack. Taking big swings now.
how about shutting this down. is that an official statement?
The best has yet to come.
I know Amazon isn't as big as Apple but if a bidding war starts it could become multi billions profits.
Under the prepackaged bankruptcy plan, RadioShack, through its proposed new owner Standard General, would retain about 2,100 stores. Of those, up to 800 would be leased by Sprint, about 950 would be leased by RadioShack, and the balance would be considered independent RadioShack stores. - See more at: http://www.twice.com/news/retail/radioshack-sheds-more-light-sprint-strategy/56008#sthash.2h6uCnBQ.jEojlStQ.dpuf
are you hearing whispers of bigger companies coming it??
HERE HERE!!!! no truer words spoken!
4 Reasons Amazon Could Acquire RadioShack Storesby Louis Bedigian8 days ago
AMZNBBY
Amazon.com, Inc. (NASDAQ: AMZN) isonce again rumored to be interested in acquiring select retail outlets fromRadioShack Corporation (OTC: RSHC). Here are four reasons why the rumor might actually come true.
Easier Returns
Research shows that a bad return policy can deter potential shoppers. Customers seem to be generally satisfied by the way Amazon handles returns, but it's no replacement for a true in-store experience. This is one area where Best Buy Co Inc (NYSE: BBY) has a clear advantage.
Cody Willard, chairman of Scutify (a financial social network), thinks Amazon could use physical stores to level the playing field.
"Amazon has got so much growth ahead in continuing to take retail market share," Willard told Benzinga. "Nothing would surprise me. I don't think the stores are going to be a destination for retail shopping. It's going to be a brick-and-mortar interface for you for Amazon."
Related Link: Staples-Office Depot Merger Likely To Be Cleared By Regulators, Says Former SEC Commissioner
Willard doesn't think the stores would act as a traditional retail outlet.
"This is just another way for Amazon to touch the customer," he said. "As an Amazon customer, anecdotally speaking, I get frustrated with handling all the boxes [for returns]. If I could just run in the shop and get it processed it'd be a lifesaver."
Willard said Amazon's whole business model is based on making it easier to shop with the company. These stores could accomplish that.
"I have enough faith in [Amazon CEO] Jeff Bezos," Willard concluded. "Having seen what he has done long-term in his company…if he's going to do this, he'll make it work."
Everyone Loves A Sale
This RadioShack rumor is sort of like Black Friday for Amazon. By taking the stores now, Amazon would receive a much better deal than if it waited to buy or build retail space in the future.
"If they were going to buy them, this is going to be the time they'll get a really good deal on them," Sean Udall, CIO of Quantum Trading Strategies and author of The TechStrat Report, told Benzinga. "They're gonna be selling assets at bankruptcy/fire sale prices."
Better still, Udall said that RadioShack stores are in a lot of decent locations. He speculated that if Amazon were to sell products at the stores, it would likely limit the selection to the site's top 100 or 200 items.
"They're very good at knowing what's trending," Udall concluded.
Consumers Have No Patience
Global Equities Research analyst Trip Chowdhry said that Amazon previously had no reason to build or acquire physical stores. Consumers could go online to save money and avoid sales tax.
Now that prices are rising, the primary reason consumers shop online is convenience. That may not be enough to persuade those who want an item immediately, however.
Chowdhry told Benzinga that Amazon could serve those customers and be "very close" to where consumers are by taking over a number of RadioShack locations.
Logistics
3DPrintingStocks.com founder Gary Anderson doesn't think it makes any sense for Amazon to acquire dying RadioShack outlets.
"Maybe for logistics," Anderson told Benzinga. "But I don't think Amazon is going to all of a sudden go to a brick-and-mortar place unless they want to do it in select locations."
Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.
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Looks like people are trying to get in as quick as they can.
Sprint Corp (NYSE: S) plans to pick up as many as 2,000 RadioShack stores in the United States. The deal will not mean the end of RadioShack (OTC:RSHC); rather, the ailing retailer will live on by co-branding its stores with the wireless carrier.
This deal is very different from the one RadioShack was expected to ink with online retailer Amazon.com, Inc.(NASDAQ: AMZN).
"Retail is all about location," Agathe Blanchon-Ehrsam, CMO of Vivaldi Partners Group (a global brand strategy consulting firm), told Benzinga.
"While this is true, I wouldn't say the RadioShack network of stores is in premium retail locations by any stretch of the imagination."
RadioShack Sheds More Light On Sprint StrategyCounting on operational and customer synergies - See more at: http://www.twice.com/news/retail/radioshack-sheds-more-light-sprint-strategy/56008#sthash.2h6uCnBQ.hn6Zyhfy.dpuf
Sprint and RadioShack will roughly split the leases for 1,750 stores. - See more at: http://www.twice.com/news/retail/radioshack-sheds-more-light-sprint-strategy/56008#sthash.2h6uCnBQ.lren6P32.dpuf
The would-be partners said the deal would allow Sprint to quickly and dramatically increase its retail footprint with operational synergies; simplify and improve the profitability of RadioShack’s mobility business; and increase foot traffic synergistically by drawing both companies’ customers. - See more at: http://www.twice.com/news/retail/radioshack-sheds-more-light-sprint-strategy/56008#sthash.2h6uCnBQ.dpuf
Buy LUSI and get rich!!!
88 Million committed to RadioShack improvements! !!
Fort Worth, Texas – RadioShack provided more specifics on its proposed melding with Sprint in a filing with the Securities and Exchange Commission yesterday. Under the prepackaged bankruptcy plan, RadioShack, through its proposed new owner Standard General, would retain about 2,100 stores. Of those, up to 800 would be leased by Sprint, about 950 would be leased by RadioShack, and the balance would be considered independent RadioShack stores. The would-be partners said the deal would allow Sprint to quickly and dramatically increase its retail footprint with operational synergies; simplify and improve the profitability of RadioShack’s mobility business; and increase foot traffic synergistically by drawing both companies’ customers. The parties would work together on store design, format, signage, fixtures and logo, and RadioShack will commit $88 million toward store improvements. - See more at: http://www.twice.com/news/retail/radioshack-sheds-more-light-sprint-strategy/56008#sthash.2h6uCnBQ.dpuf
Standard General, in turn, has struck a deal with Sprint, which will open Sprint stores-within-a-store, taking up ...
Whats with all these scams like idgc selling drinks? I think that market has been saturated enough already. Is that the best he can do is try and capitalize on drinks?
My reference is the 14 days till the auction and more company merger news?
13 days till the real action starts.
0.0001 ? 0.000099 (9900.00%)
98% do know how to read all the articles surrounding Radio Shack.
0.000099 (Infinity%)_this_is_reassuring
(Reuters) - Amazon.com Inc and Sprint Corp are considering acquiring some RadioShack stores after the troubled electronics retailer files for bankruptcy, Bloomberg reported, citing people with knowledge of the discussions.
Amazon has considered using the RadioShack stores as showcases for the Seattle-based company's hardware as well as potential pickup and drop-off centers for online customers, Bloomberg said. (bloom.bg/1D7QnUa)
Idglobal Corp. (PC) (IDGC)
$ 0.0001 ?0.0001 (9900.00%) sneaky as in selling below the bid or imaginary bid at .00009. I can't sell that low but I bet a stock thief with a series 7 can.
The actual valuation will be seen in 2 to 4 weeks.
DID_THE_SCUM_BAG_COME_OUT_OF_HIDING_YET_WITH_HIS_NEW_"PLANS"???
are you a financial advisor?
its not super hard to see the players hands. ;)
time and .00009 trades add up to what?
Retail Sales ALWAYS plunge in January. Thats hardly news the holidays drain everyones bank accounts. New Years resolutions and tighter budgets lock $ out of the market for a few months till spring.
IDGC_IS_A_RAT_FART_AWAY_FROM_SUSPECTED_FRAUD
IDGC_TASTES_LIKE_DILUTED_SHARES_BEING_CRAMMED_DOWN_INVESTORS_THROATS
what are you talking about dead stocks? chapter 11 is a reorganization tactic to save the company.
How about a Amazon-Sprint-RadioShack/ Trifecta? call it 3ASR
Amazon is reportedly interested in buying some RadioShack stores, Bloomberg reported Tuesday morning.
Read more: http://www.businessinsider.com/5-reasons-amazon-should-buy-radio-shacks-stores-2015-2#ixzz3RXMmpIyd
The plan is for hedge fund Standard General, RadioShack’s lender and largest shareholder, to buy up to 2,400 of RadioShack’s roughly 4,000 stores and team up with Sprint to transform 1,750 of the acquired stores into cobranded Sprint-RadioShack locations.
The Sprint-branded store-within-store centers would carry Sprint brands, including Boost and Virgin Mobile, and occupy about a third of the space, leaving the remainder to RadioShack. Sprint would be the primary brand on the stores and marketing materials. LINK: https://hbr.org/2015/02/why-sprint-and-radio-shack-are-shacking-up