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Radio shack company history
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Radio Shack Corporation was mainly known as Tandy Corporation since its founding in the
early 1960 till the year 2000. The corporation is believed to be the largest consumer electronic
retailers in the United States. The country had around 7,100 Radio Shack stores which are
located throughout the country and this helped in forming the company core operation. The
stores are known to feature two chief categories where there are categories of goods and services,
electronic parts as well as accessories and the others ranged form telephone and
telecommunication accessories, video equipment and most of the electronic products.
What made the company to progress is that it had partnerships with a number of prominent
consumers’ electronics and other computer companies like Compaq Computer Corporation,
where the computer brand were sold at Radio Shack. Radio Shack had cooperated with different
companies and even the Thomson Multimedia where they offered the digital audio/video
products and services. Radio Shack company as well, corporate with Microsoft in the area of
internet access as well as the Radio Shack com e-commerce site (Macht, 2002). The company
was also known for its capability to operate eight manufacturing plants in China and in the
United States which produces electronic products, and most of the products were sold in the
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companies’ stores. The company picked most since they still offered them with services to their
consumers (Tandy, 2001.)
When it comes to the early history, Charles Tandy is believed to be the founder who was talented
in marketing where he took a leather store that was opened by their family in 1919 where he
expanded it to hobby market where after opening subsidiary locations, the sales increased well in
1960.During this time, scouts and campers all over the world made moccasins and coin purses
from Tandy leather craft and hobby kits, and from there Tandy corporation was established and
began its trading in the New York Stock Exchange which makes it more prominent ( Lerner
1987)
Though business was doing well, Tandy was not satisfied and from then, he started looking for a
way to diversify and in 1963, he purchased Radio Shack, which by then, was known due to its
bankruptcy in the electronics stores which were in Boston. Due to his interest in the market and
been swift in the business, Tandy started making a profit on a company and it was then after
every successful day that Tandy corporation was opening two RadioShack stores every working
day.
Charles Tandy was known to be hardworking, a man of wisdom as most of the employees
suggested. In many cases, he knew how to handle the employees and motivated them by letting
them earn extra cash form impressive sales which resulted to them living to give testimonies.
This was one of the reasons why Radio shack store kept booming since the employees were
motivated and they become aggressive in selling their name.
Though the company was known for its first growing, this did not continue for long since
Charles Tandy Died and the powers were directed to Philip who took advantage of the position
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and within a period of two years Prominent Radio shack stores could lack goods at hand which
was the beginning of the companies losing consumers as well creating loophole to those who
were their competitors. Radio shack store had developed and as days passed, they continued to
overcome all other companies and emerged the top but it managing strategy changed.
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Work cited
Macht, Norman L.. Famous financiers and innovators. Philadelphia, PA: Chelsea House
Publishers, 2002. Print. I found this information in the famous financiers and innovators book an
one would understand where Tandy started and what he did for his to succeed.
Tandy Corporation. New York: Tandy Corporation., 2001. Print. I found this article by searching
the history of Radio Shack and opted to use it since it gives the history of Tandy and how he
started his stores and one could understand Radios Shack history better.
Lerner, Jonina R.. Tandy Corporation (NYSE-TAN): company report. New York, N.Y. (Two
World Trade Center, New York 10048): E. Fleming, 1987. Print. I got the information on online
library, and found it vital since it explains Tandy Corporation well and one could understand
better the history of Radio shack.
Quality courseware from Follett Library Book Company: Radio Shack.. Crystal Lake, Ill.: Follett
Library Book Co., 1983. Print. I found this information from online library on the history of
Radio Shack Company and used it to know much about the company.
Park, Won J.. Radio Shack TRS-80 Pocket Computer Solutions to Composite Materials
Formulas. Ft. Belvoir: Defense Technical Information Center, 1981. Print. I found the article by
searching the radio shack history and invention of computers and I chose the article since it
explains how Radio Shack invented with Compaq computers as well how they changed
computer market.