I know when I worked at Radio Shack they used to call the time between Christmas and the end of the year the thirteenth month. People were coming in with all kinds of Christmas money and also with returns. Part of our job was to move them from the return in to something else. I was horrible at it. I don't miss that job.
I do miss Radio Shack though. They are another company that went bankrupt. Well before 2020. They made some massive missteps by going too hard into sectors that they should have known they couldn't compete in. I think they still have an online presence and there has been some interest in revitalizing them, but the damage to my stock is already done.
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Radio Shack is a prime example of a company that zigged when they should have zagged. There are many examples.
Change is something that many companies have difficulty with. Of course, a bit part of RS business model was foot traffic in malls. That dried up as online took over in general.
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That is very true. I was lucky to be in a store that was in a strip mall. We didn't get a lot of "lookers", but we did get a lot of employees from the local chemical plant who where there for a specific component. I had a couple engineers who would come in and compete with each other over how much they could put on their corporate credit cards. I think going all in on Cell phones and forgetting what got them where they were was one of their biggest mistakes.
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That and the fact that online shopping, especially Amazon started to eat into all physical retailers numbers.
It was one of those storms that just crushed Radio Shack.
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