Bell buys 756 electronics stores from The Source

[jdobbin]

http://www.thestar.com/Business/article/595445

The telecommunications giant announced yesterday it is buying the 756-store chain out of bankruptcy protection, doubling its current number of corporate owned or licensed stores to 1,450 and effectively leapfrogging its rivals in the war for wireless, telephone and Internet subscribers.

At the same time, it eliminates a major distributor of rival Rogers Communications Inc.'s products. Rogers' deal with The Source expires at the end of this year. Bell's products will begin appearing in The Source stores next January.

"It's a bold move, buying something in these times," said Amit Kaminer, an analyst at the Seaboard Group. "This is taking a damsel in distress and saving the day, and on the way increasing (Bell's) distribution and real estate space."

It isn't the first time Bell has tried to diversify. Most of that plan had them running home with their tail between their legs.

This time though it might be that this gets their product into places where Canadians go: the malls.

[blueblood]

http://www.thestar.com/Business/article/595445

It isn't the first time Bell has tried to diversify. Most of that plan had them running home with their tail between their legs.

This time though it might be that this gets their product into places where Canadians go: the malls.

That should have been their plan from the start, one stop shopping for TV, phones, etc. I see Roger's stores, MTS stores, and SaskTel stores.

Rogers is going to take a licking when this happens.

[M.Dancer]

That should have been their plan from the start, one stop shopping for TV, phones, etc. I see Roger's stores, MTS stores, and SaskTel stores.

Rogers is going to take a licking when this happens.

Except the Source (ex Radio Shack) is known for selling jumk.

Trash 80 anyone?

[blueblood]

Except the Source (ex Radio Shack) is known for selling jumk.

Trash 80 anyone?

i'd expect a name change, to combat that problem.

[msj]

The Matthew Good Band had a song called Hello, Time Bomb:

My devil's on sugared smacks

Down at the radio shack

We're turning sh!t into solid gold, solid gold

So true.

[GostHacked]

Except the Source (ex Radio Shack) is known for selling jumk.

Trash 80 anyone?

I have found many things there. I go to that store often for audio cable odd and ends, connectors, odd cables.... and the Evolution cables are perfect for my uses. Sure there is some junk, but people who go there, are there for something specific and know they will find it there.

Mind you I can go to an actual music store and get same quality cables for cheaper, music stores are not everywhere, The Source is.

[bill_barilko]

In defence of The Source-I recently was quoted 50% of the cost of my cheap old Timex watch to change the battery-this was @ The Bay (they wanted almost $20 IIRC).

Going online I found The Source selling the battery I needed for $5 and they had it in stock @ my local outlet, the net supplied battery changing instructions.

[Topaz]

Don't you think this will give retired teachers, some place to work since they will own it?

[Smallc]

Don't you think this will give retired teachers, some place to work since they will own it?

Ummmm, that deal fell apart last year.

[M.Dancer]

Ummmm, that deal fell apart last year.

Yeah..it was the biggest M&A story of the year. I guess it wasn't cobered on the Coast to Coast Toaster Network