Katie Marsal
Following the news that tech retailer RadioShack has filed for bankruptcy, a new report claims that online megastore Amazon has expressed interest in buying some of the company's brick-and-mortar locations.
Citing two people with knowledge of the matter, Bloomberg says Amazon has discussed purchasing some of the storefronts and turning them into pick-up and drop-off centers for online customers. RadioShack has more than 4,000 U.S. retail locations, and its bankruptcy plan calls for it to sell a portion of them and close the rest.
Other companies interested in RadioShack's retail space include Sprint and the investment company behind Brookstone. Wireless provider Sprint is said to be interested in buying as many as half of RadioShack's stores and "co-branding" them.
There have been rumors for years that Amazon, which to date has had an online-only presence, might build storefronts to allow customers to pick up items. A retail presence would also allow Amazon to push its own hardware, such as its Kindle Fire tablets that compete with Apple's iPad, and and the Fire TV products that take on Apple TV.
As of the end of last quarter, Apple had 265 heavily-trafficked retail stores inside the U.S. Exactly how many RadioShack stores Amazon might buy and repurpose, if any, remains unknown.
The company dabbled in retail last fall with a series of pop-up stores in California. Amazon was also rumored to open its first permanent retail store in Manhattan in time for Christmas, but those claims didn't pan out.
The demise of RadioShack, meanwhile, brings to an end a store that once catered to technology enthusiasts and hobbyists with hard-to-find gadgets, components and accessories. But as the retail space changed, and enthusiasts increasingly went online to buy products at inexpensive prices, RadioShack attempted to adapt and become primarily a smartphone reseller.
That plan failed, however, leaving RadioShack with two straight years of losses and headed to bankruptcy court. Trading of the Texas-based company's stock was suspended on the New York Stock Exchange on Monday.
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Charles Martin
Malcolm Owen
William Gallagher
Christine McKee
Wesley Hilliard
46 Comments
Amazon should buy all of them.
Apple only has a few items it sells hence a store works! Amazon not so much. I use Amazon as I am sure most people do, so I can do it from my couch and have access to millions of choices and not have to leave the house for them to get here. I wonder if the real reason is a transition away from home delivery with Prime to 'Go and collect your package from store #126 which is only two miles form you'. Perhaps Home delivery will then be + delivery costs. Maybe making a profit is starting to seem like a good idea at last?
[quote name="digitalclips" url="/t/184625/amazon-looking-to-buy-some-radioshack-stores-to-establish-retail-presence-report#post_2670437"]Apple only has a few items it sells hence a store works! Amazon not so much. I use Amazon as I am sure most people do, so I can do it from my couch and have access to millions of choices and not have to leave the house for them to get here. I wonder if the real reason is a transition away from home delivery with Prime to 'Go and collect your package from store #126 which is only two miles form you'. Perhaps Home delivery will then be + delivery costs. Maybe making a profit is starting to seem like a good idea at last?[/quote] I think after the shares dropped $40~ in one day, Bezos realized his grip was not as secure as he'd expected.
Pick up I understand, but drop-off?
[quote name="Ireland" url="/t/184625/amazon-looking-to-buy-some-radioshack-stores-to-establish-retail-presence-report#post_2670443"]Pick up I understand, but drop-off?[/quote] Wait a minute ... perhaps he is going to start exactly that , pick up and drop off (heck I return a shit load of things I try out, camera lenses etc.)... and take those small package stores out of the picture. He then moves goods to and from main UPS and FedEx depots?