RadioShack follows c-store example for comeback - Professional Carwashing & Detailing

RadioShack follows c-store example for comeback

FORTH WORTH, Texas — The company will get rid of unprofitable business lines to be a neighborhood electronics store.

FORTH WORTH, Texas — General Wireless Inc. will take over 1,743 RadioShack stores following an auction, according to CSPnet.com.

The deal was approved by the U.S. Bankruptcy Court on March 31, noted the article. The move will allow stores to divest of unprofitable business lines, becoming a sort of an “electronics convenience store.”

RadioShack will focus on products like “Bluetooth headsets, chargers and other accessories that shoppers may need immediately rather than waiting a day or two for delivery from an e-commerce website,” stated the article.

Read also: Delivery service relies on c-store network

Stores will no longer carry tablets, laptops or digital cameras, reported the article. The company will focus on smaller cities where a need still exists for neighborhood electronics stores.

General Wireless is an affiliate of Standard General, shared the article. It is looking for partners to sell consumer electronics, home security systems, solar panels, wireless chargers, etc.

Click here to read the entire article.

You May Also Like

Summit Wash Holdings announces $200M+ growth investment 

PALM BEACH GARDENS, Fla. — The carwash company is committed to strategic growth opportunities in existing markets.

PALM BEACH GARDENS, Fla. — Summit Wash Holdings, a membership-focused carwash group established in 2022, announced in a press release it has received more than $200 million in debt financing to continue expansion in Central Florida, Connecticut and New Jersey.

Summit, which currently operates 54 sites, will use the funding to nearly double its location count with plans to surpass 100 locations by mid-2025.“This significant investment in Summit Wash Holdings marks a milestone in our journey,” said Dan Pittman, CEO of Summit Wash Holdings. “The funding supports brand expansion as well as our commitment to our customers and the communities we serve.”Established in 2022 and headquartered in Norwalk, Connecticut, and Palm Beach Gardens, Florida, Summit was initially formed through a partnership with Russell Speeder’s Car Wash, a 21-site family-owned carwash platform with locations primarily in the Northeast and Omaha, Nebraska.

National Carwash Solutions announces new CCO

GRIMES, Iowa — The new NCS CCO will leverage extensive experience in engineered products markets to enhance sales and marketing strategies.

ncs-logo-feature
Mark VII Equipment new CEO

ARVADA, Colo. — Mark VII’s new CEO, Uwe Scharfy, took his position on May 1, bringing a wealth of knowledge and leadership to the company.

mark vii logo
IGL Coatings USA welcomes new leaders

SARALAND, Ala. — The company has made a transition in ownership and leadership, passing the reins to Mike Karlen and Dustin Jackson.

igl new leaders
ZIPS Car Wash celebrates over 40,000 teachers and nurses

PLANO, Texas — The honoring of teachers and nurses helped celebrate them for two national appreciation days.

ZIPS Car Wash celebrates over 40,000 teachers and nurses

Other Posts

DRB announces new regional sales representative

AKRON, Ohio — Matthew Skaggs will serve the Northeast region for tunnel sales at DRB and has been with the company for nearly 30 years.

National Carwash Solutions unites chemistry brands

GRIMES, Iowa — NCS Chemistry sets a new standard for operational excellence and sustainability by combining the three brands.

National Carwash Solutions unite chemistry brands
Rinsed acquires Ignite Wash

NEW YORK — The acquisition will empower operators with cutting-edge CRM technology for enhanced customer interactions and increased revenue.

rinsed logo
ISTOBAL reaches turnover of 156 million euros in 2023

VALENCIA, Spain — The group maintained solid profitability driven by its service line and improved operating margins in key markets.