Bloomberg reports that Radio Shack is running out of time and money and could have to close all stores by next year. Leo says it's really a shame because if Radio Shack had appealed to the growing maker movement and the geek community, they could have survived. Radio Shack was a unique place where people could buy radio sets, diodes, and switches. It was a great place for makers. But they decided they wanted to be like Best Buy and Amazon by selling phones and mp3 players, and they've lost money hand over fist.
Leo says that giving a level of service by providing users groups, maker tips etc, and embracing the geek, Radio Shack could weather the storm. But they just don't see it, and it's going to cost them.