selfie game weak.
As ingeniously self-deprecating as RadioShack’s Super Bowl commercial was, its finances are sadly even more proficient at making a mockery of the company. Shares fell by a delirious 24 percent after holiday sales came in way under its (already managed) expectations. Today the company announced that it will be closing 1,100 stores, leaving it with 4,000 brick-and-mortar locations in the U.S.
(Aside: How in the world are there still 5,000 RadioShacks? That’s three times more than Chipotle.)
RadioShack’s long slide coincides the steep ascendance of Amazon as America’s great brick-and-mortar destroyer. In 2003, Amazon and RadioShack each had about $5 billion in sales, as WSJ business editor Dennis Berman pointed out. Last year, Amazon had $75 billion to RadioShack’s $3.5 billion.
Some further comparison is illuminating: At the end of 2013, RadioShack had 5,000 brick-and-mortar stores with 27,500 employees and $3.5 billion in sales, which is $127,000 in sales per employee. Its website is the 1,066th most popular in the world. At the end of 2013, Amazon had zero brick-and-mortar stores with 117,300 employees (full- and part-time) and $75 billion in sales, which is $640,000 in sales per employee. Its website is the 5th most popular in the world.
What are people still buying at RadioShack?
Read more. [Image: Reuters]
Circuit board business card is a minimalist credit-card-like handheld console which includes Tetris. Videos embedded below:
A revolution in minimalist circuit board art design.Barebones Arduino
Capacitive Input Buttons
9+ Hours Playtime
1.6 millimeters total thickness
You can find out more about the project here
This past weekend, a group of activists blanketed the National Mall with a monument to rape survivors made out of 100 quilts.
THE FUTURE OF STELLAR EVOLUTION
The Meek Shall Inherit the Universe
FROM The Far, Far Future of Stars, an article by Donald Goldsmith in Scientific American 306, 32 - 39 (2012) Published online: 14 February 2012 [doi:10.1038/scientificamerican0312-32] SOURCE: Far, Far Future of Stars
CREDIT: Malcolm Godwin