Regarding the Tandy Corporation: The company incorporated as Tandy Corporation in 1960, when it began trading on the New York Stock Exchange. Tandy diversified into new and unrelated fields of enterprise by purchasing Radio Shack, an electronics firm with numerous outlets nationwide, in 1963. At the time, other divisions of the firm included Pier I Imports, Tandy Leather, American Handicrafts, Meribee Embroidery, and three leather goods manufacturers. Though Radio Shack was in financial trouble at the time, Tandy turned the Boston-based chain into a profitable endeavor after only two years. Only ten years later, two new Radio Shack outlets opened every working day, and by 1988 the number of store locations had grown to over 7,000. |