Part 4/11:
In a significant turn of events, the struggling Tandy Corporation, primarily known for leather goods, acquired Radio Shack in 1962 for just $300,000. Under Charles D. Tandy’s leadership, Radio Shack underwent a radical transformation. The focus shifted towards retail electronics, especially catering to hobbyists and DIY enthusiasts. Tandy streamlined operations, reducing product offerings from 40,000 to only 2,500 essential items—immediately boosting inventory management and sales.