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originally posted by: stirling
Good riddance to bad rubbish....no more overpriced and low quality electronics that don't last......
Ive always considered them to be an icon of ripoff retail establishments.....
I'll have to save some cash to hit the going out of business sale
I miss the old days and the DIYS Heath kit projects with wire connections and solid state. Man I'm old!
originally posted by: SgtHamsandwich
a reply to: FyreByrd
It's not only mom and pops, but ever increasing sizes of business that just can't survive. And we, the consuming public (we aren't people anymore - as that designation goes to BIg Business interests today) lose out on the lack of competition.
I tend to disagree a bit with this statement. I feel that because of the easy of online shopping there is more competition than ever for the consuming public. That's why these places are dying. They can't afford to charge the prices required to pay the overhead of retail stores.
Online shopping is cutting out the middle man and allowing us to purchase goods from a multitude of sources all over the world at wholesale prices.
It's a no brainer for me as a consumer when I can sit on the toilet at home and order a $2 usb cable that I need right from my phone as opposed to getting dressed, driving to where ever, using gas, to such and such store to pay $15 bucks for the same cable. That saves me $13 buck to put towards my ever increasing grocery bill.
originally posted by: FyreByrd
I agree about online shopping but greatly exacerbates the flow of capital to single end point. A small business can't compete with Amazon or Ebay - or Alibaba. The online big box stores drive prices further down, and charge 'partners' many fees making profit margins very small. Small and Medium businesses don't have the traffic to survive on such small margins.
The principal is the same in both cases.
originally posted by: MystikMushroom
They should have gone back to their roots and become a store that sold radio PARTS.
I remember going into a Radio Shack 20 years ago and they had all kinds of wires, switches, transistors and circuit boards. The last time I went into a Radio Shack about a year ago it was all alarm clocks and cell phone accessories.
If they would have gone back to selling electronic components for garage tinkerers and people that build custom computers, they may have fared better.
Best buy is the same way IMO. I go to Best Buy to look at the things I want to buy off of Amazon for cheaper
One thing that looks certain, however, is the closure of 1,784 stores, as outlined in bankruptcy documents (and noticed by Business Insider). The closures will come in three waves, with the first completed by February 17th, and the latest at the end of March.