An interesting number from Black Friday.
Despite all this growth, online purchases remain a very small portion of retail sales. Mr. Martin of ShopperTrak said that more than 90 percent of all United States retail commerce still takes place in physical stores. Continue reading “Black Friday”
Guess which firm and founder fits the following example:
A once-dominant company, brought to its knees by competition from Apple and Amazon, is faced with dropping sales, a sinking share price, and angry shareholders. In walks the silver-haired founder of the company, who volunteers part of his reduced, if still substantial fortune, in order to buy the company and save the brand.
RadioShack is an interesting sort of place. Much like your local CVS, Radio Shack sells a broad assortment of items at considerable markups, aiming at customers more interested in convenience than cost. “The Shack” has a pretty varied shelf, selling big ticket items like TVs and smartphones, as well as more mundane doodads like cables and chargers. Understandably, the business is rapidly shrinking, thanks to online behemoths like Amazon (which even has its own branded line of peripherals) and the reasonable variety of electronics now found in Costco, Walmart, and Target, wherein RadioShack operates the “Bullseye Mobile” counter.
Silicon Spatula 