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Adieu, RadioShack

As expected, RadioShack filed for Chapter 11 Thursday. The brand isn't worth much, but some of the locations are coveted by the 3rd largest cellphone carrier, who plans to operate almost 3/4 of the stores to peddle cellphone service.

The failure of RadioShack - like so many other firms - is almost anti-climactic. The business model failed years ago, and the firm has been struggling to find any excuse to stay open and throw good money after bad. The company had its time, and that time has passed: like K-Mart, Sears, Borders, Circuit City and (my greatest distress) Mervyn's.

RadioShack served several roles: it was the only hobbyist electronics chain and the only electronics store in many small towns and exurbs. As a parts store, it actually played an important role in the 1970s in getting the PC revolution off the ground. And I still remember visiting it for that… Read More …