Back in September 2014, I wrote a blog about the impending demise of Radio Shack. This really touched a nerve with the EETimes community, receiving 129 comments. At that time, I thought it was a matter of days or — at most — a couple of weeks before Radio Shack went bankrupt, but this actually ended up occurring almost five months later on February 5, 2015.
A reporter from Bloomberg BusinessWeek called this a “slow motion bankruptcy” and pointed out that analysts expected it years ago, with some speculating it could — or should — have happened in the 1990s.
The purpose of this blog is not to say “I told you so,” but rather to look at the forces in play and consider what this means for the electronics community. As I've pointed out before on EETimes.com, there is no shortage of online places to get all the components you need professionally and personally, with Digi-Key perhaps being the poster site for how the industry has changed. In fact, the wealth of electronic components, software, tools, and data that we can get online is truly staggering. New (relative to Radio Shack and Digi-Key) sites like Adafruit, Sparkfun, MakerShed, Upverter, and Octopart have changed our buying behavior forever, because the web opens up a vastly larger world than any brick and mortar retailer could offer.
To read the rest of this article, visit EBN sister site EETimes.