(Updated With *NEW* T-Mobile Statement) Radio Shack Reports Second Quarter Earnings, Ends Deal With T-Mobile

 

Update: T-Mobile just released a *newer* short statement addressing the Radio Shack morning announcement: 

After careful consideration, we decided that to in order to increase the effectiveness of our retail network and in line with our sales strategy, T-Mobile will exit RadioShack retail locations, effective September 15, 2011. We are currently focused on higher return national retailer opportunities and we expect to announce new channel growth in the coming weeks, which will more than double the number of RadioShack doors currently offering T-Mobile products and services.

Radio Shack posted their second quarter earnings early this morning along with an announcement they were incurring costs associated with the phase out of T-Mobile inventory. T-Mobile’s deal with Radio Shack  will officially end on September 14th. Radio Shack then announced a new partnership with Verizon Wireless in lieu of T-Mobile which begins the following day, September 15th. Radio Shack will sell Verizon Wireless products in all 4300 of their company owned retail locations.

It was last April that Radio Shack partially blamed T-Mobile for their poor financial performance so the decision to end T-Mobile sales won’t exactly come as a surprise. Personally I think Radio Shack should blame their decision to try and change their brand name to “The Shack” as the reason they have all but fallen off the map.

Fierce Wireless

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  • meagan

    I’m ditzy.  What does this mean?
    “we expect to announce new channel growth in the coming
    weeks, which will more than double the number of RadioShack doors
    currently offering T-Mobile products and services.”

    • Mark

      “Channel” refers to independent resellers.  In other words, they plan to announce new reseller partnerships which will give them more than twice as many new sales outlets as they had with Radio Shack.

  • Anonymous

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  • Anonymous

    Hello,everyone,sorry take your time a min,show a good fashion stuff 

    website —— www (vipstores) net —— you can input on your web there,if you

    do know how to do,you can click my username and you will come 

    our company website,maybe you will find something your like,thanks!

  • Jjshep4

    mobile sucks I always go to radio shack in Manhattan beach when I need to upgrade my iphone. The staff there is always kind and courteous. They have a great program where you can trade in your old cell phone and get cash towards your upgrade or anything in the store. They also give instant rebates on all carriers.. I went there the other day and traded in my old iPhone 3 gs and they gave me over $190 off my iPhone 4. Wow! That’s like $10 for a new iphone4. They also gave me 15% off my second accessory 25% off the third and believe it or not 50% off the fourth. I don’t know why there is not a line out the door when they have such  good deals!

    • 1234

      your a nut,radio shack just got the iphone, you must work there, putting in something like this. radioshack sucks anyway