Retail Ecommerce Ventures has purchased certain assets from RadioShack and will relaunch the brand online. REV invests in distressed retail companies and gives them an e-commerce first strategy. The firm did the same for Dressbarn and Pier 1 Imports.
“Our approach builds off the existing strength of extraordinary brands such as RadioShack and supports our mission of transforming these beloved entities into Internet-first companies,” says REV executive chairman Tai Lopez.
“REV was quick to recognize the retail sector’s shift to ecommerce, which has accelerated as a result of the pandemic, and to capitalize on the opportunity to breathe new life into well known and loved brands,” says former RadioShack owner Ron Garriques.