In February 2015, Radio Shack–an icon in American malls and towns–filed for bankruptcy. You could say a lot of critical things about Radio Shack, but in many parts of the country, it was the only place you were going to go find electronic components on short notice. A lot of people of a certain age got their exposure to electronics via Radio Shack kits and parts.
Radio Shack did close a lot of stores. In fact, from 4,000 stores they are down to about 1,700. A New York hedge fund named Standard General bought all the Radio Shack assets and formed a new company (also called, oddly enough, Radio Shack). They just named [Dene Rogers] as CEO. He’s a veteran at retail sales, having been with Target in Australia and Sears in Canada.