RadioShack Corporation is an American franchise of electronics retail stores in the United States, as well as parts of Europe, South America and Africa. RadioShack's current proprietary brands include RadioShack branded products, AntennaCraft, Auvio, Enercell, Gigaware and PointMobl. In 2009, the company became the main sponsor of a new cycling team, Team RadioShack, with Lance Armstrong and Johan Bruyneel as two of the members. In April 2012, after RadioShack had released very poor first quarter 2012 results, Moody's reduced its ratings on RadioShack to junk status.
In 1962, Radio Shack was purchased by the Tandy Corporation, which was originally a leather goods corporation, and renamed Tandy Radio Shack & Leather. During the 1960s through the early 1990s, Radio Shack marketed its free battery card; a free wallet-sized cardboard card that entitled the bearer to one free battery a month when presented at one of their stores. In 1970, Tandy Corporation bought Allied Radio, and began to merge the brands into Allied Radio Shack. Also in 2000, the company-owned Realistic and Optimus brands were discontinued when the company entered into an agreement to carry RCA products, although RadioShack had not made products under the Realistic name since the early 1990s.
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