In the 1970s, Radio Shack was a well-known name in the electronics industry. Its catalogs were widely circulated, and the company entered the high-fidelity music market with its first product. By the 1950s, the company began selling private-label products. In 1958, it changed its name to Realistic, after being sued by Stereo Realist. While the company was based in Boston, it was more popularly known as “Nagasaki Hardware” among its customers. The Japanese origin of many of the products sold at the store’s stores created the perception that they were of low quality and low cost.
In 1999, the company ceased operation of stores in the United States and Mexico, and licensed stores in Asia and Latin America. By 2015, the company had closed 77 stores in seven countries. It operated in Latin America and the United Kingdom. In 2016, RadioShack reopened its California stores and now operates as a subsidiary of General Wireless. Its online store was largely unremarkable, lacking in both variety and price.
The retailer has restructured its operations since 2006. It has since stopped carrying RCA products and is now only carrying its own brands. During the 1990s, RadioShack had become out of the computer manufacturing business, losing the desktop PC market to rivals such as Dell and Apple. It sold its stores to Tandy in 1991 and eventually sold them to CompUSA. While the company remains profitable, it has suffered a significant drop in profits over the last decade.
Although RadioShack initially sold electronics for the home, the company eventually expanded its reach to the business world. The company now has more than 4,300 locations in the United States and a dozen overseas. The name RadioShack is synonymous with electronics. A typical product from the store can be used for both commercial and personal purposes. The company has owned several international franchises. Despite its limited numbers, the company continues to be a prominent player in the electronic industry.