Warning: Sensitive folks that just happen to be baby boomers read at your own risk:
I'm not trying to start an argument, but I'd like to add a different perspective to this forum topic. Radio Shack ultimately collapsed because of A) the way Americans began purchasing their consumer goods (going back to the 70's) and B) changing demographics (ie: aging baby boomers).
My grandparents built things, saved their money and occasionally would purchase some of the things they built: you know worked in factories, saved money and paid a little extra for American made products while living in houses that were around 1,000 square foot. Most people of my grandparents age also bought a car and maintained it themselves and kept if for 5 to 10 years. My grandparents generation bought their small houses with 20% down, financed for 10 to 20 years and usually saved up and paid cash for their cars. They did this while on average, had 5 kids to feed and raise.
Here's an article that shows home size by decade: http://www.newser.com/story/22...ecade-by-decade.html
My parents generation: aka, you guys , or otherwise known as the baby boomers or the me me me generation built houses that were nearly twice the size as that of my grandparents (with 30 year mortgages and usually nothing down), bought cars with credit (and financed over 4 to 6 years). Additionally, the average baby boomer family consisted of only 2.1 kids.
Essentially, the me me me generation (aka you guys) demanded instant gratification. Couldn't wait for that giant suburban cookie cutter McMansion and couldn't wait to have a giant SUV for you and spouse parked out front. The only problem with this is that generally speaking, the baby boomers couldn't pay for most of this stuff so they financed everything.
The must-have-now mentality embraced by you boomers is what ultimately led to all the factories being sent to China. Your insatiable lust for instant gratification and more/cheaper junk is what led to China's rise. Let's face it man, most Americans aren't going to go work in a factory (assuming they had the choice or chance to). So, due to this, most Americans of your generation would rather buy Chinese junk and just replace it if it broke. I saw all of the above happen before my very eyes growing up as an 80's kid.
And because you guys bought everything on credit and with nothing down, you primarily caused the housing collapse in 2009 (along with the government and the Banks help). Now, my generation is still paying for that. So yeah, thanks for that.
Additionally, because you guys only had 2.1 kids on average, my generation (Gen X that is) is going to have pay a lot more to sustain your over-inflated retirements.... You guys had 5 people to pay for 2 retirees, my generation has one person per retiree. So yeah, thanks for that.
This is why Radio Shack is no longer around. Just my 2 cents.....
And excuse my lack of brevity here.