RadioShack, PCH to Team on StartupsJune 6, 2014
RadioShack is branching out- the company will support startups with the potential to bring products to its shelves.
RadioShack and PCH have launched a program called RadioShack Labs, described by the companies as "a collaboration to support inventors and startups that will promote product innovation and provide a path from concept to production to distribution."
"It's long been our belief that innovation and collaboration go hand-in-hand. As we transform RadioShack, it's important that we simplify and streamline the channels that encourage inventors and entrepreneurs to join us in the retail environment," Joe Magnacca, chief executive officer of RadioShack, said as part of the announcement.
"We see so many exciting consumer products coming from startups and we want these differentiated products in our stores. Traditionally, big retailing requires big inventory, but we can improve our supply chain and be a more nimble partner."