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RadioShack AO Message Board

railroadxxx 336 posts  |  Last Activity: Jan 17, 2015 2:45 AM Member since: Apr 20, 2007
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  • railroadxxx railroadxxx Jan 17, 2015 2:45 AM Flag

    You're kidding, right? The employees will be lucky if they even get their last check. I'm serious. Once a company declares bankruptcy, all bets are off to creditors and that includes (former) employees. If the company sticks around through the bankruptcy process and the stores remain open, then employees have a chance of being paid as the company will need them. I would not hold out any hope for stores that are closed down because of the deal.

    The biggest problem will be convincing suppliers to continue to offer product on credit. Some with do so in the hope that their existing liens will somehow be taken care off. Others will bit the bullet, accept their losses and demand full payment on future inventory. A lot will depend of how the bail out is seen in terms of viability.

    Ultimately, I fail to see how RS has any future at all. Their current business model simply is obsolete in today's markets. They have NOTHING to offer. Their traditional customers cannot support a large chain by buying resistors and audio cables. And the movement into cellular failed miserably. So much of what we use today in consumer electronics didn't even exist a decade ago. Is RS going to offer some sort of broadband service to compete with ISPs and cable? Get into the gaming/home entertainment center field? Hyundi just announced a new car being sold without a CD player. That's a recognition of another media content coming to an end. Torrents, or file sharing, is a world wide reality that neither the music nor the movie industry can stop because they refuse to work with it. So many once major platforms are gone or going. Where does RS fit it and what can they possibly offer of value to a public that wrote them off long ago?

    Sentiment: Strong Sell

  • railroadxxx railroadxxx Jan 17, 2015 2:28 AM Flag

    Remember the high end electronics chain, The Sharper Image? Right up until they declared bankruptcy they were selling gift cards to unsuspecting customers. Outright fraud on the part of the company's executives. So what happened? The cards became instantly worthless. I will guarantee you that the same thing will happen with RS and that also includes the essentially worthless extended warranties that they scam people into buying.

    Sentiment: Strong Sell

  • railroadxxx by railroadxxx Jan 16, 2015 2:06 AM Flag

    Maybe this has been covered already but why would anyone offer RS $500M to declare bankruptcy? Isn't that just throwing more money down the drain? These people can't possibly be so stupid as to believe that RS has a business model of any kind that works. Reducing the company to 2K of the best performing stores is like saying that one carton of spoiled milk is better than another because it has a newer expiration date on it. There is NO viable business for overpriced consumer electronics, poor inventory, and minimum wage employees. RS is not nor can it be an electronics version of 7/11.

    As far as selling off all the assets, this has been covered many times before. Today's news talks of sales of leases to Sprint. OK, how many stores does that cover? Not many. The existing inventory is probably not worth much and would have to be dumped in order to attract customers, most of whom don't even know the company is still around. There are sure to be immediate lawsuits over any existing pension/benefit plans. And I can't see turning the company into an Internet retailer of any substance. There is no possible way they could compete with Amazon or NewEgg.

    Sentiment: Strong Sell

  • Reply to

    Joy to the world...

    by beetleruss Dec 15, 2014 6:03 PM
    railroadxxx railroadxxx Dec 15, 2014 6:27 PM Flag

    Actually, what it proves is that nice people always get shafted while the slime simply moves on to ruin something else. Do any of us really believe that those most responsible for the demise of this country will never get a similar job again? Or will the upper and middle management be seen as capable, quality individuals being value to retail?

    Look at all the losers that came over from Blockbuster to follow the same path of destruction. Did they learn anything from their failures to adapt to modern technology and communications or did they repeat the exact same attitudes and actions?

    The mantra of many retailers today is that the Internet is to blame for everything. Or the poor economy. And let's not forget the worthless sales associates who are paid good money yet produce nothing. Whip them harder, fire the worse ones every 6 months, cut hours and demand more results from the lazy slackers. I have yet to see either a management or socalled financial analysts deal with the real problem of so much business today and that is the sad fact that most of management are a bunch of sociopaths focused solely upon short term numbers and the hell with both their employees and customers.

    Sentiment: Strong Sell

  • The Chase website has been offline now since last Thursday. Today makes the 5th day. Customers cannot pay their credit card bills nor even see recent charges. If this latest hack includes major theft and usage of credit cards there is going to be Hell to pay.

    What makes all of this so strange is that I have yet to see a single thing in the news. Nothing. Nor has Chase even gotten their own act together with some customer service reps claiming that there is no problem while others state that the system is down but repairs are almost finished. There are a number of websites where one can go to verify if a site is up or down and they are all filled with comments from upset customers. 5 days now and not a word as to what the problem is. Far too typical of a response from a huge corporation that rewards their top management with tens of millions while firing thousands of low level employees.

  • railroadxxx railroadxxx Aug 11, 2014 6:02 PM Flag

    The manager's desk in my store was missing a leg when it collapsed one day. It was "repaired" by placing some wooden blocks under the corner. So ghetto, so typical. But it had a nice view of the rain water seeping along the concrete wall all around the electrical connectors. That never was dealt with either. When things were dry the wall would be covered with these white streaks and the junction boxes had this white crusty material everywhere. It was fun to knock it off while watching the yearly video on how important safety issues were to the company and the need to immediately notify the DM if something needed fixing. :)

    Sentiment: Strong Sell

  • Reply to

    RSH is very sensitive to news, GOOD OR BAD

    by sam.deanj Aug 6, 2014 9:12 PM
    railroadxxx railroadxxx Aug 7, 2014 2:01 AM Flag

    "But the bad has pretty much been priced in."

    Honestly, how many times has that exact same sentence appeared in this forum? I was reading that back when RS was $16. Look at the chart of this stock over the last 4 years. All the way down there have been idiots here telling us how much money they were going to make on RS because the bad news had all been priced in and it could only go higher. Well, it hasn't gone higher. Only a week ago it was 25% higher. A month ago it was 60% higher. A year ago 600% higher. Honestly, it seems that the closer the doors come to shutting forever the more the "street" people show up proving that mental health problems are a major issue in this country.

    Sentiment: Strong Sell

  • Reply to

    This board is pitiful...

    by screeminee Aug 4, 2014 4:07 AM
    railroadxxx railroadxxx Aug 4, 2014 6:22 PM Flag

    Nice vocabulary. We don't see such high levels of articulation much these days after decades of Liberal dumbing down of the educational system. I am going to make the guess that you have a degree in Literature or something similar. Definitely NOT accounting. :)

    Sentiment: Strong Sell

  • railroadxxx railroadxxx Aug 4, 2014 6:11 PM Flag

    I was just going to ask the same question. Look at today's chart. It was set to close around 60 cents when suddenly there was a huge volume surge and the stock dropped like a rock. I realize that this is now a penny stock already at the half way point between $1 and zero but seeing a movement like this literally in the final few moments of the trading day begs the question as to whom and why. I am sure that if we knew the details there would be more information as to how much longer this stock is even going to be trading.

    Sentiment: Strong Sell

  • railroadxxx by railroadxxx Jul 31, 2014 2:51 AM Flag

    As someone who has been around here since the stock was in the low 20s it is amazing how far things have gone. And at each step there have been those who adamantly deny reality and claim big money will be made investing in this stock.

    At 15 there was a group who said the easy money was the $5 they were soon to be rewarded at the stock returned to 20. It dropped rapidly to 10. Then down to 8 where some joker hung around for months bragging about his golf trips and his huge soon to be profitable gain in RS when it shot up to 14. Except it continued dropping. 6, 5, 4. When it reached 3 the promoters returned claiming it was greatly oversold and a bounce was imminent. A thud was more like it. Then came 2 and, only a short month ago, 1. Last week someone jumped on the idea that it had hit a resistance point at 80 cents. Wouldn't, couldn't, shouldn't go lower.

    So today we are at the mid 60s. 18% loss in a week. Penny stock territory. Uranium mines, solar cars, a pill to cure cancer, whatever. The pink sheets. No mutual funds or ETFs around here. This is hardcore hustler hideout, the guys that cold call with a "the train is leaving so you had better decide right now if you want to become rich or not".

    Some companies go under with a loud bang. Circuit City and the Sharper Image come to mind. And others leave without a sound as no one even notices. Radio Shack? I thought they closed down years ago. My dad used to go there. When did they go broke?

    1500-2000 sq ft available for lease. Call Adams Property Management.

    Sentiment: Strong Sell

  • Reply to

    Charles Tandy is turning in his grave )-:

    by value5612 Jul 16, 2014 4:33 PM
    railroadxxx railroadxxx Jul 17, 2014 2:54 AM Flag

    Buried, cremated, what the heck. it's the thought that counts. :)

    Sentiment: Strong Sell

  • railroadxxx railroadxxx Jul 16, 2014 2:23 AM Flag

    How about another story of RS that illustrates why they have failed so badly?
    One day our DR appeared with his typical frown and, after inspecting the store, informed us that the regional manager, a reject from BlockBuster, had decided that having the cleaning supplies in the bathroom was no longer acceptable. It made things look too cluttered. About what you would expect from someone with a degree in accounting from a second rate school.

    So where were the supplies put? On one of the racks in the back right next to, and in some places, on top of RS merchandise. Ever seen a boombox or cordless phone after leaking bleach has dripped on them? We'll ignore the fact that all this was probably against health codes. Or the fact that we weren't even suppose to have a spare roll of toilet paper in the bathroom. Honest. This story is 100% true.

    A company whose customer counts were declining every month, whose prices were completely out of line with the competition, who yelled at the employees constantly to sell worthless warranties. No, we were going to spend our time making sure the bathroom had nothing but the fixtures in it.

    Sentiment: Strong Sell

  • Reply to

    Today’s RadioShack Anecdote

    by u22g55 Jul 11, 2014 4:34 PM
    railroadxxx railroadxxx Jul 12, 2014 3:51 PM Flag

    I have some T-shirts from RS also. We got them during the heyday of Julian Day's large bet on Lance Armstrong. They were from 2010 and the front says The Shack Rolls With Lance, Levi And Team Radio Shack. I originally had four of them but used one of them last year to clean up an oil spill in the garage. Occasionally I wear one in public but mostly they are just for around the house. Someday they will be collector items and you guys will be paying me big bucks to buy them.

    I also have an exterior hard drive case I bought on clearance with my employee discount. Good price ignoring the fact that it stopping working after about 3 months. And I could have bought an RSSP for only $6.99 more than the $19.99 I paid for the case. Needless to say I felt really stupid for not protecting my purchase.

    Sentiment: Strong Sell

  • railroadxxx railroadxxx Jun 26, 2014 2:18 AM Flag

    Exactly. And that is why a class action lawsuit was pursued against Williams & Sonoma that went all the way to the California Supreme Court where the company lost. They successfully were accused of soliciting customer information under the guise of it being necessary for a transaction when in fact it was just data gathering for future spamming.

    Where RS came into this was that after the court decision California stores were told by corporate to cease all collecting of customer information such of name, zip code, email address, etc. After several months of this our DR begin sending out emails to stores and verbally stating to employees during visits that he understood how "upset" employees were about not being able to "offer" customers enhanced service and not to worry because the company was studying things and would find a way around the legal ruling.

    Their solution? Continue breaking the law but in an even more deceitful way. We were required to access a RS web site when checking all customers for the possibility of a phone upgrade. This web site had lines to fill in regarding the customer's name, phone carrier, password, and in the case of Verizon, social security number. We were then told whether or not there was an upgrade available. There were NO links between this site and the site of the carriers meaning if the customer wished to upgrade we would have to solicit the same information all over again.

    The real kicker was that we had to print off a copy of the results of the inquiry that was saved in the back. This was NEVER disclosed to the customer. In theory, the managers were suppose to be able to show the DR visual proof that employees were not only checking for upgrades but also saving the personal data of the customer for future spamming when their contact was up for renewal. This was clearly illegal as hell after the court ruling and showed once again the complete lack of an integrity within the company.

    Sentiment: Strong Sell

  • railroadxxx railroadxxx Jun 25, 2014 1:51 AM Flag

    Vacuum bag test? As the closer 5 nights a week and 3 of those doing the floor I was the ONLY one cleaning out the vacuum. :) We had this POS "pro" cleaner that was worse than my Dyson at home. I would have to double pass over some parts of the floor to get up the crud. I was also the only one who ever bothered to dust the tops of some of the products that had been on the shelves for years. Would you believe we actually had some dial up modems that must have been from the 90s? Not that our own store speed was much better.

    I use to run speed tests sometimes when I was alone in the evening looking for Internet sites I wasn't locked out of. We were lucky to get even 1mb download. Considering that DSL at the time was around 3mb that shows you how bad it was. And then there was the roof antenna for the TVs and Sirius Radio. The wiring was so rotted out that a strong wind would make everything go crazy. But let's not forget the RS surveillance system so that if you were in the back room you could see throughout the store. Every camera was different, several of them no longer worked, and the resolution on the others was horrible. Black and white of course. Now we obviously had excellent roof top antennas and high quality video cameras and recorders for sale. But no way you could take that out of inventory. Besides, you weren't suppose to be in the back room anyway. And with a 3 legged desk plus a stack of wood from some old pallets and a broken down chair............. My favorite was the back wall where the circuit breaker box was. Since the roof leaked and moisture would seep down the wall and all around the electrical box I wasn't too keen about being in the area during a storm.

    Sentiment: Strong Sell

  • railroadxxx railroadxxx Jun 25, 2014 1:32 AM Flag

    "You just cannot hate the people that work for you, treating them like dirt, and expect them to get on board in an effort to save a company."

    Amen.

    Sentiment: Strong Sell

  • railroadxxx railroadxxx Jun 24, 2014 1:35 AM Flag

    There are basically two ways to manage employees. One is with praise and constructive criticism while the other is with threats. RS took the second path in every contact I had with anyone about the store managers.

    Here's a little story that is so indicative of how things were. We had a nationwide contest to sell batteries. First prize was a tablet while the next 9 or 10 got a $100 certificate. Several months after the contest ended there was an email that listed every last employee and their results. Going down the list I noticed someone from a nearby store had made the top 100 or so. Maybe it was the top 200. Over 18k employees so that was pretty good. Being a slow night, as normal, I gave his store a call and congratulated him. Best in the district and best in the entire region of the state. He thanked me and then told me that no one had said a word to him. Not a single person. His manager was out on leave so she was excused. But where was the district manager who sent out 5-6 emails a day telling everyone how lousy of a job they were doing? Where was the regional manager who visited stores and completely ignored the associates? So very telling of how the company saw its employees.

    Sentiment: Strong Sell

  • railroadxxx railroadxxx Jun 24, 2014 1:25 AM Flag

    About 5 years ago they had an executive who pushed the name "The Shack" meaning a funky place where people could hang out. I sort of liked the idea myself and several others that this executive had. He seemed like one of the few at the time who realized the real problems that were taking place.

    Another good idea, that lasted exactly several months and that was it, was when they came up with some nice signage for the famous parts drawers that included an inexpensive monthly project for young hobbyists. That was combined with having a small section devoted to the then new DIY programmable circuit boards. I was first skeptical but then pleasantly surprised at the number of people, young ones included, who came in specifically seeking these new items. We had some of the first pieces for the new 3D printers and I learned from one customer that RS was pretty much the only place around you could easily get some of the items and that there was a viable local group.

    Unfortunately, our worthless regional manager, a reject from Blockbuster like so many brought over by Bevens, could only parrot the party line about cell phones and ignored everything else in the store. The district rep did the same. It was a lost cause with a ship obviously sinking and a crew at the helm that was too stupid and too arrogant to see what was taking place.

    Sentiment: Strong Sell

  • Reply to

    Inventory Liquidation Arrangement

    by u22g55 Jun 22, 2014 12:36 AM
    railroadxxx railroadxxx Jun 22, 2014 4:04 PM Flag

    Going out of business sales are almost always a waste of time. As you note, the liquidation companies that handle these affairs rarely give any real deals and typically try to scam the customers. And let's face it. Even if you got half price on most of the stuff at RS you would still be paying more than the same item online. A $40 HDMI cable at $20 compared to NewEgg or Amazon at $10 is no deal.

    Sentiment: Strong Sell

  • Reply to

    Would it be weird if...

    by u22g55 Jun 20, 2014 1:47 PM
    railroadxxx railroadxxx Jun 21, 2014 2:08 AM Flag

    This entire thread is in very poor taste. Besides the unneeded sexism, thousands of super nice associates will soon lose their jobs through no fault of their own. RS has failed because of changes in the retail market but also because of numerous major blunders on the part of middle and upper management. The saddest aspect of all this is that those most responsible for this disaster will walk away with more money than many of their poor stores employees will make in a lifetime. I sincerely wish all the associates out there the best and hope they can use what they have learned to better their own lives.

    Sentiment: Strong Sell

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