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- It’s tricky to run a chain of electronics stores.
- The number of defunct electronics retailers is a testament to that.
- From wild, rambling Crazy Eddie to the farm-themed Gateway Country, here are a few electronics stores that went out of business.
Selling electronics is a tough business.
Not only do you have to face the challenges that come with running any kind of retail operation, but you also must contend with the rapid development of technology and ever-changing consumer preferences when it comes to using said technology.
Read more: Inside the luxurious department store founded by one of the most important figures in Mormon history
So it’s no surprise that plenty of once-prominent electronics retailers have gone on the fritz and disappeared altogether.
Here’s a look at a few electronics stores that aren’t around anymore:
Incredible Universe was an electronics big-box chain founded by the Tandy Corporation, a leather goods company. It was founded in 1992 and went bankrupt in just five years.
ArtistCornerLive/Youtube
Source: Deseret News, The New York Times, The Wall Street Journal
Launched in 1973 in San Francisco, Good Guys opened up stores across the West Coast and in Nevada. CompUSA acquired the company in 2003. All remaining Good Guys stores closed in 2006. Good Guys is perhaps best known today for being the site of a 1991 hostage situation in Sacramento.
JPMcFly1985_#Bernie2020/Youtube
Source: The New York Times, The Los Angeles Times
The defunct electronics retailer Fretter has roots going back to the 1950s, but it collapsed in the face of heated competition and went out of business in 1996.
robatsea2009/Youtube
Source: Crain’s
See the rest of the story at Business Insider
See Also:
- Inside the luxurious department store founded by one of the most important figures in Mormon history
- H&M is part of one of the biggest fashion retailers in the world. Meet the other brands it owns.
- More than 6,400 stores are closing in 2019 as the retail apocalypse drags on — here’s the full list
SEE ALSO: 12 drugstore chains that no longer exist
DON’T MISS: 7 now-defunct membership-only retailers that burst onto the scene before Costco or Sam’s Club
SEE ALSO: 12 department stores that disappeared before the retail apocalypse even began to rage
Source: Business Insider – feedback@businessinsider.com (Áine Cain)