About
Radio Shack
Fort Worth, Texas-based RadioShack Corporation
(NYSE: RSH) is the nation's most trusted consumer electronics
specialty retailer and a growing provider of business-to-business
retail support services. The company operates a vast network
of sales channels, including: nearly 7,000 company-owned and
dealer stores; almost 100 RadioShack locations in Mexico; and
over 600 Sprint and SAM'S CLUB wireless kiosks. RadioShack's
knowledgeable and helpful sales associates deliver convenient
product and service solutions within five minutes of where
94 percent of all Americans either live or work.
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RadioShack's Long-Term
Growth Strategy
RadioShack is executing a multi-faceted long-term growth
strategy aimed at reinvigorating the customer shopping experience and capitalizing
on new initiatives that leverage the company's retail expertise.
The growth plan includes:
- Accelerated rollout of the latest retail
store format
and reinvigorating the retail experience
- New retailing services business
- International geographic expansion in
North America
- Third-party retailing
Reinvigorating the retail experience
RadioShack intends to reinvigorate the customer experience
in three areas: store environment, product and people. The new store environment
will include a merchandise and service assortment that showcases wireless, accessories,
power, modern home, personal electronics, technical and services. In addition,
store personnel will be retrained and new store processes put in place to provide
a superior customer shopping experience.
Leveraging retail expertise
Over its history, RadioShack has gained notoriety for
accelerating the adoption rates of new technologies as evidenced by the introduction
of CDMA wireless technology in 1996. As part of its growth plan, the company
will leverage its retail expertise to benefit current and new strategic partners.
New retailing services business
Capitalizing on its proven success in providing retailing
services to other companies, RadioShack will seek new business opportunities
that leverage its expertise. Today, RadioShack operates wireless kiosks, provides
wireless repair services, and conducts global sourcing for other companies.
International geographic expansion
Currently, RadioShack operates retail stores in Mexico
through a joint venture with Mexico-based retailer Gigant. In mid-2005, RadioShack
formed a subsidiary to oversee the expansion of operations in Canada as part
of the planned North American expansion strategy. Independent dealers in Canada are also operating under the RadioShack brand.
Third-party retailing
Through strategic alliances, RadioShack intends to accelerate
the adoption rates of certain technology products and benefit from sales through
the original equipment manufacturer channel. The company also plans to further
leverage its product development and global procurement expertise through sales
of its unique products to other retailers.
Thinking customers first!
The company's long-term strategy is to dominate cost-effective
solutions to meet everyone's routine electronics needs and families' distinct
electronics wants. Consumers need all sorts of cables, connectors, accessories
and batteries to help them get the most from their personal electronics – and
RadioShack is famous for supplying these gadgets and gizmos. In addition, tech-savvy
consumers increasingly want innovative, cutting-edge electronics, including wireless
communications, digital imaging, portable computing, and home entertainment components
and services – all of which RadioShack is uniquely positioned to offer.
Shack
Facts
Quick reference information about RadioShack
President-
Chief Operating Officer
and Acting CEO
Executive Chairman
|
Claire Babrowski
Babrowski came to RadioShack in July 2005 as executive vice president-chief
operating officer. She was named president and acting chief executive
officer by the board of directors on Feb. 20, 2006.
Leonard H. Roberts
Roberts joined RadioShack as president in July 1993. He was elected chief
executive officer of the corporation in January 1999 and chairman of the
board in May 1999. In January 2005, in a planned CEO succession, the board
named Roberts executive chairman, effective May 19, 2005. |
| Stock symbol |
RSH (New York Stock Exchange)
(Stock listed as "TAN" prior to June 1, 2000) |
| Fortune 500 ranking |
399 (previous ranking: 378) |
| Net sales & operating revenues |
$4.841 billion
(Fiscal year ending 12/31/04) |
| RadioShack stores |
6,834 (As of 12/31/04) |
| Company-owned |
5,046 |
| Dealers/franchisees |
1,788 |
| Retail kiosks (wireless phones and accessories) |
More than 600 Sprint-branded in select shopping malls and inside SAM'S
CLUB locations |
| Average size of a company store |
2,529 sq. ft. |
| Average inventory of a company store |
Approx. 3,600 items
|
| Company employees |
32,600 (As of 12/31/04. Does not include temporary seasonal employees.)
|
| Company Web Site |
http://www.RadioShack.com
|
| Year company began |
1919 (as a family leather business in Fort Worth, Texas |
| First RadioShack store |
Opened in 1921 in Boston, Massachusetts |
| Home office |
RadioShack Corporation
Riverfront Campus World Headquarters
300 RadioShack Circle
Fort Worth, Texas 76102-1964
(817) 415-3011
|
| Customer Care telephone |
1-800-THE-SHACK (1-800-843-7422) |
Origin
of the Name "RadioShack"
The name "RadioShack" is a nautical term that dates back to
the invention of the radio at the turn of the last century. At the time,
wireless radio equipment aboard ships was generally housed above the
bridge in a wooden structure called the "radio shack." The
founders of RadioShack thought the name appropriate for a new retail
business that supplied electronic equipment to "ham" radio
operators and ships' radio officers. RadioShack became known as the place
to go for the latest technology – and it still is today.
| 1919 |
Company began as a family leather business in Fort Worth,
Texas. |
| 1921 |
First RadioShack store in Boston, Massachusetts. |
| 1940s |
First RadioShack catalog. |
| 1947 |
First RadioShack showroom for high-fidelity (hi-fi) audio
comparison. |
| 1954 |
First RadioShack private-label products with the Realistic
name. |
| 1959 |
First RadioShack 8-transistor portable radio. |
| 1960 |
First public issue of Tandy Corporation stock (NYSE: "TAN"). |
| 1961 |
First RadioShack 10-transistor portable radio. |
| 1963 |
Charles Tandy (Tandy Corporation) acquires RadioShack. |
| 1970s |
RadioShack drives popularity of CB radios for travel. |
| 1972 |
First RadioShack electronic pocket calculator sold. |
| 1977 |
RadioShack TRS-80 microcomputer introduced. |
| 1979 |
First RadioShack cordless phone. |
| 1980 |
First RadioShack stereo receiver with digital technology. |
| 1983 |
RadioShack Model 100 micro laptop computer introduced (first
in the industry). |
| 1984 |
First RadioShack mobile/portable cellular phone that consumers
could install themselves. |
| 1985 |
First RadioShack satellite TV system that could be installed
by the do-it-yourselfer. |
| 1994 |
RadioShack repositions itself in the consumer electronics
marketplace with the branding statement: "You've Got
Questions. We've Got Answers.®" |
| 1996 |
First 2-way personal radios sold for Family Radio Service
(FRS), which was invented by RadioShack. |
| 1999 |
www.RadioShack.com, RadioShack's e-commerce Web site goes
online. |
| 2000 |
Tandy Corporation renamed RadioShack Corporation (NYSE: "RSH"). |
| 2001 |
RadioShack announces plans for new corporate headquarters
in downtown Fort Worth, Texas. |
| 2002 |
ZipZaps, a line of collectible micro radio-controlled cars
exclusive to RadioShack, debut as a huge success. |
| 2003 |
RadioShack Corporation launches StreetSentz, a pilot community
program to keep children safer from abduction, violence and
abuse. |
| |
RadioShack announces participation in the ADAM missing
child fax poster program. |
| |
RadioShack hosts ICON, a worldwide innovation conference
designed to establish business relations with strategic partners
looking to introduce new products and technologies. |
| |
RadioShack introduces XMODS, an exclusive line of custom
RC cars. |
| |
RadioShack launches LifeWise, a new brand of wellness,
fitness and home comfort products for healthier lifestyles. |
| 2004 |
RadioShack becomes official consumer electronics retailer
of the National Basketball Association. |
| |
EchoStar and Sirius join forces with RadioShack to form
satellite entertainment alliance. |
| |
Motorola and RadioShack form strategic alliance to leverage
joint development, sourcing and licensing power. |
| |
RadioShack introduces Vonage broadband Internet telephony
in nearly 4,000 stores in 38 states. |
| |
Sprint and RadioShack sign multi-year agreement for operation
of retail kiosk program. |
| |
RadioShack signs multi-year agreement with SAM'S CLUB to
operate wireless kiosks. |
| |
RadioShack joins the Rechargeable Battery Recycling Corporation's "Call2Recycle" cell
phone recycling program. |
| |
RadioShack Corporation honors its top business partners
with the first-ever Innovation Awards during Worldwide
I-CON Innovation Conference. |
| |
RadioShack Corporation premieres the winning public service
announcement from its "Take Your StreetSentz All the
Way to Hollywood" contest. |
| 2005 |
RadioShack to offer Cinego, a new plug-and-play portable
home projector DVD theater system that creates a big-screen
experience in the home. |
| |
RadioShack Corporation commemorates grand opening of new
Riverfront Campus World Headquarters in downtown Fort Worth,
Texas. The campus boasts state-of-the-art technology in an
environment that facilitates and encourages collaboration,
teamwork, efficiency and innovation. |
| |
RadioShack Corporation Board of Directors announces Chairman
and Chief Executive Officer Leonard Roberts will continue
as executive chairman and transition the CEO role to David Edmondson.
Edmondson, the company's president and chief operating officer,
will become president and CEO on May 19, 2005. |
| |
On May 20, 2005,
RadioShack opens StoreOne, a unique retail environment
and learning portal on the campus of the company's World
Headquarters in downtown Fort Worth, Texas. The setting
is designed to let customers touch, try and learn about
technologies of today and tomorrow. This one-of-a-kind
flagship store underscores RadioShack’s commitment
to truly understanding customer interest, demand and
grasp of consumer electronics and, ultimately, improving
the customer experience in RadioShack stores across the
country. |
| |
RadioShack announces long-term partnerships with Sprint Nextel and Cingular Wireless. |
| 2006 |
Claire Babrowski is named president and acting chief executive officer by the board of directors on Feb. 20, 2006. She came to RadioShack in July 2005 as executive vice president-chief operating officer. |
(The preceding About Radio Shack
section is provided for informational purposes only and was
retrieved on April 1, 2006 from http://www.radioshackcorporation.com/about/index.html) Back to TopRadio Shack Shipping Information Shipping Methods and Costs |
