A semiologist by training he accidentally fell in networked devices and online services 25 years ago and never left this playground. From the French Minitel in the 80’s, to the very first Internet company in France (FranceNet) in the 90’s, to...
Jay Wei: How the Internet of Things Can Save RadioShack
Source: „The issue with RadioShack (NYSE: RSH ) is not just its old stores, but the old electronics that it still carries, and that's a bigger problem than what new stores can solve.
Its Super Bowl ad tried to portray a newer image of the company, but RadioShack continues to stock traditional electronic devices such as cameras, camcorders, and even batteries for hearing aids inside its many valuable storefront properties. Old-time electronics items have been increasingly shelved in the warehouses of Amazon.com (NASDAQ: AMZN ) and other online electronics retailers to be shipped directly to customers, who are now more likely to buy them conveniently online.
Old business To be fair, RadioShack is nevertheless a company with more than $4 billion in annual sales . The company supplies a wide range of conventional electronics and accessories, and some of the stuff still sells. However, there has been little sales growth at RadioShack over the past five years, and there have even been sales declines in some periods.”