Radio Shack is shutting down 1,000 of its stores across the country as reported by the Wall Street Journal.
For small business owners who have relied on Radio Shack for itâs expertise in fixing electronics and selling electronics, itâs time to hook up with a local âgadget guy or galâ who can help you.
Keep in mind that Staples and Office Depot might be able to be a fill in when you need a local store to visit for some of your gadget needs.
Iâve found Amazon.com to be one of the best solutions for just about every gadget (and more) need that I have. Their inventory is massive , prices are competitive and shipping is free (for prime members).
The SECOND lesson is focused on Radio Shackâs closure and what it means for local retailers. With Block Buster closing, Best Buy seriously challenged and now Radio Shack - itâs clear that âthe Internetâ has made it very tough for retailers to sustain their stores.
Ironically all of these vendors have one thing in common - selling âtechnologyâ. Coffee shops are all over NYC - but itâs these âgadget housesâ that are closing quickly.
If youâre selling a commodity - you need to quickly figure out your âInternetâ angle (Jay Goltz is fervent about this) and aggressively be ready to defend your turf. NOT just defend but go on the âoffenseâ and and provide added VALUE to your customerâs buying experience as well.