Sears holdings bankruptcy docket Video
Sears faces potential bankruptcySituation familiar: Sears holdings bankruptcy docket
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RadioShackformerly RadioShack Corporationis the trade name of an American retailer founded in RadioShack operates primarily as an e-commerce website, a network of approximately independently-owned authorized RadioShack Dealer stores, and as a supplier of parts for HobbyTown.
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While outside of those listed areas, the company had sold licenses to other companies to be able to use the RadioShack brand name in other parts sears holdings bankruptcy docket the world that had included parts of Asia, North Africa, Latin America, and the Caribbean.
On February 5,RadioShack Corporation filed for Chapter 11 protection under United States bankruptcy law after 11 consecutive quarterly losses. On May 13,General Wireless Inc. During RadioShack Corporation's bankruptcy filing inRadioShack Corporation sold the RadioShack brand rights to different entities around the world. All companies are legally separate and unrelated. In MarchGeneral Wireless Inc. The company was started as Radio Shack in by two brothers, Theodore and Milton Deutschmann, who wanted to provide equipment for the then-nascent field of amateur, or ham radio.
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The brothers opened a one-store retail and mail-order operation in the heart of downtown Boston at 46 Brattle Street. They chose the name " Radio Shack ", which was the term for a small, wooden structure that housed a ship's radio equipment. The Deutschmanns thought the name was appropriate for sears holdings bankruptcy docket store that would supply the needs of radio officers aboard ships, as well as hams amateur radio operators.
The idea for the name came from an employee, Bill Halligan, [ citation needed ] who went on to form the Hallicrafters company.
The term was already in use — and is to this day — by hams when referring to the location of their stations. The company issued its first catalog in [11] as it entered the high fidelity music market.
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InRadio Shack began selling its own private-label products under the brand name Realist, changing the brand hholdings to Realistic after being sued by Stereo Realist. During the period the chain was based in Boston, it was commonly referred to by its customers as "Nagasaki Hardware", [12] [13] [14] disparagingly, as much of the merchandise was sourced from Japan, then perceived as a source of low-quality, inexpensive parts.
After expanding to nine stores plus an extensive mail-order business, [15] the company fell on hard times in the s. Tandy Corporation, a leather goods corporation, was looking for other hobbyist-related businesses into which it could expand. Tandy's strategy was to appeal to hobbyists.]
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