Thursday, July 21, 2005

 

From the attic to the Internet

A year ago, when Gary and Shelley Wain turned extra space in their craft mall into an eBay drop-off store to help people sell merchandise on the online garage sale, he was worried that a nearby Circuit City was doing the same thing.
But the big-box electronics retailer, which had been using a local store to test the e-Bay drop-off concept for a possible national rollout, gave up on the idea. The Wains, however, are still at it, handling about 50 eBay auctions a week through their SellYourStuffAuctions.com site. ...

Business News
 

Apple lands iPod deal with RadioShack

Exclusive -- Apple Computer and RadioShack have entered into a strategic partnership that will deliver Apple's full line of iPods to the shelves of thousands of RadioShack electronics stores in time for this year's holiday shopping season, AppleInsider has learned.
According to industry sources, RadioShack, the nation's No. 1 electronics specialty retailer, has agreed to carry Apple's full mix of iPod digital music players at several thousands locations beginning the fourth calendar quarter of the year. ...
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Apple Insider
 

RadioShack Names Andrew Resnick as Managing Director of RadioShack Canada Company

Resnick Brings Extensive Multi-Unit Retail Operations Expertise to New Canadian Subsidiary

FORT WORTH, TX, July 21 /CNW/ - RadioShack Corporation (NYSE: RSH) today
announced that Andrew Resnick, 48, has been named Managing Director of the
company's subsidiary, RadioShack Canada Company. Resnick will join the company
on July 25, 2005 and will begin building a management team to lead the
expansion of RadioShack's chain of specialty consumer electronics stores in
Canada. He will oversee the Canadian operations, including merchandising,
marketing and advertising, and human resources. ...

http://www.newswire.ca/en/releases/archive/July2005/21/c3531.html

Wednesday, July 20, 2005

 

RadioShack sees earnings fall 23 percent

FORT WORTH - RadioShack's wireless phone business missed estimates for a second straight quarter, hurting earnings for the period and putting more pressure on the company to meet profit targets for the balance of 2005.
Second-quarter earnings dropped 23 percent from last year to $52.3 million, or 33 cents a share, a penny shy of Wall Street's forecast. Sales at stores open at least a year fell 1 percent, as weakness in wireless sales more than offset a 5 percent increase in the rest of the chain's product categories.
RadioShack has added hundreds of kiosks at Sam's Club stores to sell wireless products but said wireless sales rose only 2 percent overall. It did not give dollar amounts for those sales. ...

Star-Telegram
 

New TVs Don’t Meet FCC Test - Digital tuners still aren’t prevalent despite mandate from the FCC.

In spite of an FCC order that digital tuners be included in all large television sets and half of all midsize sets by July 1, the majority of such sets offered by retailers still do not include them.
Of the sets for sale on the web site of the electronics retailer Best Buy on Tuesday, 33 percent included tuners capable of receiving digital broadcasts. Circuit City's online percentage of digital sets was 44 percent, according to a survey of the two leading electronics retailers conducted by National Journal's Technology Daily.
The FCC mandated that electronics companies build digital tuners into progressively smaller sets. On July 1, 2004, 50 percent of all sets 36 inches and higher needed tuners. On July 1, 2005, 100 percent of those sets and 50 percent of sets 25 inches to 35 inches were to have tuners. ...

Red Herring

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