RadioShack Decline Belies Its Longevity

By Fort Worth Star-telegram

Saturday, Sept. 27, 2014, 9:00 p.m.

FORT WORTH, TX — During nearly a century in retailing, RadioShack has reinvented itself time and again as the American consumer moved from primitive radio kits to ever-sophisticated audio equipment, CB radios, and computers and wireless phones.

But now the Fort Worth-based consumer electronics pioneer finds itself tethered to a bygone era, with its 4,000 company-owned stores as much a burden as a benefit, its website delivering only modest returns in this cyber age and competitors — from behemoths such as Amazon.com and Wal-Mart to wireless providers — attacking on all fronts. The company warned recently that bankruptcy could be near if it can’t secure financing.

Just nine years ago, RadioShack enthusiastically opened its new $200 million headquarters, a complex of 900,000 square feet situated majestically on 38 acres on the banks of the Trinity River. With a 500-seat cafe, an open floor plan and a fitness center, it was supposed to help propel the chain to greater entrepreneurial heights.

Read more: http://triblive.com/business/headlines/6848703-74/radioshack-stores-company#ixzz3Ej79tvLU
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Wal-Mart’s Sam’s Club To Cut 2,300 Workers

English: Logo for Sam's Club

English: Logo for Sam’s Club (Photo credit: Wikipedia)

NEW YORK (AP) – Wal-Mart Stores Inc. said it’s eliminating 2,300 workers at its Sam’s Club division as it reduces the ranks of middle managers in a bid to be more nimble.

The layoffs, which cut 2 percent of the membership club’s U.S. employee count of about 116,000, mark the largest since 2010 when the Sam’s Club unit laid off 10,000 workers as it moved to outsource food demonstrations at its stores.

The cuts come as Sam’s Club strives to compete better with Costco Wholesale Corp. and online players like Amazon.com’s Prime membership service. They also follow layoffs announced by several other major retailers in recent weeks that include Macy’s Inc., J.C. Penney and Target Corp.

Read more at http://www.philly.com/philly/business/20140125_ap_4fbfbde8c9e1487cbe6569dc8dc9139f.html#6AF86HobVkfOl5Cz.99

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