31–40 of 72 posts
Radioshack needs to jump on the Maker movement, Right To Repair movement, and science education movement. Offer everything from 3d printing classes to how to fix classes. By educating the masses, you create demand for your products you're selling.
They just need to be a mini Micro Center. That would actually differentiate them rather than being a run of the mill cell phone store.
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I honestly don't know how Michaels is still in business. I do tend to think it's not necessary location that is going to make it for Radio Shack, but their products, and target market. They should focus on makers, Raspberry Pi, Arduino, Drones, make that their core business. Pricing needs to be competitive (vs online), stock should be plentiful, and knowledgeable employees (maybe like a Geek Squad equivalent "The Sha…
The thing with Michaels is there are a lot of products that are nicer to experience in offline instead of online. For electronic components I'm not sure that's the case. I know very little about electronics but I would much rather go to adafruit.com and look at tutorials, specs, etc. and then order. I personally don't need any sort of tactile feel or quality control on breadboard compared to if I'm buying yarn to kni…
I agree, and even wonder what's up with bed bath and beyond's implosion. Many people, mostly but not only! women, tend to really really care what pillows look and feel like.
I think the only reason Amazon works here, is the crazy free return shipping.
But still, how is that the same?? I don't care about pillows, but I know if I did, I'd want to choose! To touch! To see how fluffy, how they look..
Hrm. Maybe I am harbouring an unknown pillow fetish.
Anyway, I don't get it either. If Michael's can't survive, can anything?
It's a shame what happened to RadioShack. I liked them for hobby components. >Items will include “more end products than the stores have typically sold, focusing more on cellphone products, headphones, batteries and adapters, for instance.” I don't see this as a winning strategy. I can buy any of these items at a number of convenient locations, like Amazon, Target, Best Buy, and Walmart. Why would I choose RadioShack…
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I mean, Micro Center exists in some areas of the country (the one near to me is literally next to a Michaels). The reason it’s not everywhere is probably because there’s not as much demand outside of big cities.
I moved 2 years ago but before that I lived about 10m from a micro center for a decade. The hobbyist section in that time progressively got smaller and the selection was overtaken by branded expensive tools and kits. Like instead of just selling the cheap Chinese screwdriver set you could buy on Amazon for 9.99 they’d sell ifixit branded screwdrivers which appeared to be of the same build quality but with the brandin…
Earlier quoted context omitted.
The thing with Michaels is there are a lot of products that are nicer to experience in offline instead of online. For electronic components I'm not sure that's the case. I know very little about electronics but I would much rather go to adafruit.com and look at tutorials, specs, etc. and then order. I personally don't need any sort of tactile feel or quality control on breadboard compared to if I'm buying yarn to kni…
The thing with Michaels is there are a lot of products that are nicer to experience in offline instead of online. I agree, and even wonder what's up with bed bath and beyond's implosion. Many people, mostly but not only! women, tend to really really care what pillows look and feel like. I think the only reason Amazon works here, is the crazy free return shipping. But still, how is that the same?? I don't care about p…
Michael’s survives by having way more art supplies than other places and people who do art wanting it NOW and not later.
It's a shame what happened to RadioShack. I liked them for hobby components. >Items will include “more end products than the stores have typically sold, focusing more on cellphone products, headphones, batteries and adapters, for instance.” I don't see this as a winning strategy. I can buy any of these items at a number of convenient locations, like Amazon, Target, Best Buy, and Walmart. Why would I choose RadioShack…
I wonder if most of their storefronts are leased or outright carried on their books (shades of McDonald’s strategy). If they own the dirt most of their storefronts sit upon (they have someone in corporate who manages real estate, but I can’t tell if that is just overseeing corporate property like distribution centers and offices or they pulled a McDonald’s), in some circles the real estate play is the asset and anything else is cash flow to keep the lights on.
I don't see much value in the brand anymore. The only pivot I could see is switching to an online only store, but even then you're competing against the entire internet for selling commodity parts. This does not seem like the most profitable use of money for investors. It's ok to let it die.