A return to the blog, and some store closings
The business blog has been notably blank for the past few weeks, and I'm sure our many readers have just bemoaned the absence of our scintillating commentary.
But, seriously, here's something worth noting. Remember last month, when RadioShack announced it could close up to 700 stories throughout the country? Well, the company said today that it will close 480 locations, including four in the Triad, by the end of the summer or beginning of the fall.
Two of the local stores are in Greensboro - one at 4639 W. Market St. and the other at 4623 High Point Road, said company spokeswoman Jessica Study. The others at are 2645 N. Main St. in High Point and 1033 Hanes Mall Blvd. in Winston-Salem, she said.
Study said these stores will begin holding special sales in May and likely will close up shop by August 1. The company hopes to direct customers to higher-performing stores, where RadioShack will expand its offerings to include bluetooth items and other new products, she said.
RadioShack currently 29 stores in Triad area. The rash of store closings comes on the heels of a notable drop in the company’s profits in the fourth quarter of last year.
Comments (2)
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Just what High Point Road needs - another vacant space.
Posted on March 25, 2006 10:22 PM
Shut Out and Shut Down
After being in the low voltage industry for 10 years there have been many changes that even we have had in this industry and we have had to adjust. 9/11 was the worst downslide for us.
No one can walk in a store and purchase a plasma and go home with it by themselves. We have to run HD cable or meet Time Warner then program universal remote for the receiver, dvd player, cd player, lights to dim, etc. to integrate the system.
NOTHING is simple anymore. We get tons of calls the week of super bowl game.
We prewire new construction (Builder Packages) for security, two-way voice, camera's, intercom, in-wall vacuum, whole house audio, home theater, phone and cable (network), HD prewire, etc.
Then we do trim out according to what the consumer wants and if they upgrade.
Then we have the install which can take a month depending on how much the consumer wants their technology to integrate.
We have done a Home Theater at an Emerald Isle home that rents for $8,000 a week........ to running an internet connection for $120 service call.
At all times we would know Radio Shack was convenient. I believe this is shutting the door on electronic providers all over. Our business will miss "Radio Shack" for we have made many trips in our vans to complete the job for a customer.
Thank you for posting this. I hate this.
Posted on March 27, 2006 11:48 PM