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Will RadioShack Go Out of Business?

It looks like Radio Shack is probably going out of business and will be filing for bankruptcy soon.  My assumption is based on the current stock price falling near $1, the Target mobile phone kiosk deal closing and 1000+ retail stores closing as well.  Did Lance Armstrong start this company down a path of destruction?  

I am been claiming for over a decade the retail mobile phone stores add zero value to the mobile phone sale.  They should been provide retail cell phone coverage map showing choices of who has the best coverage in there area.  They could also provide solutions like femtocells to fix problems.  Instead they buy into the same coverage map propaganda and don't give consumers any help in making a purchasing decision other than price discounts.  Radio Shack is not the only one to blame.  Best Buy is just as bad providing no value and look what they have done in the mobile space.  Nothing as well.  

Walmart & TracFone Offer Prepaid Wireless

The prepaid cell phone market continues to gain lots of momentum as consumers are still looking to save money. The new discount cell phone service is offered exclusively from Walmart through Tracfone Wireless, a subsidiary of America Movil. Walmart is currently offering two plans: the first is a $30 plan that provides 1,000 minutes, 1,000 texts, 30 megabytes of data and unlimited 411 for 30 days; the second for $45 gets you unlimited talk, text and data for 30 days. The discount plans prices do not include phones, which on's Straight Talk brand shop range from LG and Samsung models between a basic $39.98 device and a $328.88 phone with touch-screen, camera and video.

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This should bring lots more competition from new sources that AT&T or Verizon cannot just buy out (i.e Alltell or Cingular). This should also translate into more reasonable prices for current plans in the not so distant future.

Ironically there are currently 16 Walmart stores listed in our database as having poor cell phone coverage around the US.  Hopefully, someone diligence from Walmart or Tracfone will find this information and take some action to fix the problems for its' customers.

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