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Website: http://www.radioshackcorporation.com RadioShack is the nation's largest specialty electronics retailer. The company operates a vast network of outlets, including: 6000+ company-owned and dealer stores; more than 150 RadioShack locations in Mexico; and 800 wireless phone kiosks. The average RadioShack store isn't very big, with just 2,529 square feet of space and carries 3,600 items. RadioShack has locations within five minutes of where 94 percent of all Americans either live or work. For fiscal 2006, RadioShack reported $4.77 billion in revenues and net income of $73.4 million. The company has reported sales drops over the past couple of years. The company announced in 2006 it would close 480 underperforming stores to cut costs. History The company began in 1919 as a family leather business in Fort Worth, TX by two friends, Norton Hinckley and Dave L. Tandy (1889-1966). During their visit, these ambitious young fellows decided to pool their resources and go into business together. Their venture, which the two gentlemen named the Hinckley-Tandy Leather Company, sold leather shoe parts (soles, heels and shoelaces) to shoe repair shops in the Fort Worth area. In 1921, two brothers Theodore and Milton Deutschmann, opened a one-store retail and mail-order operation in the heart of downtown Boston. They chose the name, "RadioShack," which was a term for the small, wooden structure that housed a ship's radio equipment. The Deutschmanns thought the name was appropriate for a store that would supply the needs of radio officers aboard ships, as well as "ham" radio operators. Charles Tandy, son of Dave, bought the RadioShack chain in 1963 as part of Tandy Leather. In 1975, Tandy Corporation would focus on electronics as the rest of the businesses were spun off. Sales at RadioShack would soar during the 1970s on the popularity of CB radios and introduction of the first mass-produced personal computer, the TRS-80. In 2000, the company's name was changed from Tandy Corp. to RadioShack to focus on a single name. Benefits Benefits offered include: - Paid vacation and holidays Updated November 15, 2007 |