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Headquarters: Website: http://www.radioshackcorporation.com RadioShack is the nation's largest specialty electronics retailer. The company operates a vast network of over 7,300 outlets, including: 4,675 company-owned stores in the U.S. and Mexico; 1,140 dealer outlets; and 1,500 wireless phone centers. The average RadioShack store is located in a strip mall in a suburban market with over 500,000 people. The typical store isn't very big with just 2,500 square feet of space. Currently, approximately 46 percent of RadioShack's annual sales are generated by the wireless business, which includes postpaid and prepaid wireless handsets, commissions and communication devices, such as scanners and GPS. RadioShack sells Sprint, AT&T and T-Mobile handsets. The accessories platform generated 29 percent of annual sales. This platform includes home entertainment, wireless, music and computer accessories, media storage, power adapters, digital imaging products and headphones. Approximately 23 percent of RadioShack's annual sales are from the personal electronics and modern home platforms. The personal electronics platform comprises of digital cameras, digital music players, digital TVs, toys, satellite radios, camcorders, general radios and wellness products. The modern home platform includes residential telephones, home audio and video end products, direct-to-home satellite systems and computers. For fiscal 2010, RadioShack reported $4.47 billion in revenues and net income of $192.4 million. 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 August 6, 2011 |