24/7 Wall St. has included “Radio Shack” in it’s list of companies that are certain to be non-existent by the end of 2011.
The just released list includes: Readers Digest, Kia Motors, Dollar Thrifty, Zale, Blockbuster,T-Mobile, RadioShack, Merrill Lynch and Moody’s.
Here is what they have to say about the end of Radio Shack:
“RadioShack is one of the oldest retailers in the U.S. It was founded in 1921 and in the early 1960s was purchased by Tandy Corp. The Tandy name was used for some of Radio Shack’s retail stores. RadioShack is currently a takeover target. There have been rumors that the company may be taken private via a leveraged buyout or purchased by Best Buy (NYSE: BBY – News), probably for its locations. Best Buy would certainly not keep the RadioShack brand because it is considered downscale and does not have the reputation for quality products and service that Best Buy enjoys. RadioShack has already begun to rebrand itself as “The Shack,” an indication that it knows the older brand is a burden.”