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Charles D. Tandy

Tandy Corporation

1950 - 1978

Retail

Military ServiceNavy
1950 b. 1918
male
EducationOneDegree
UndergraduateTexas Christian University
Personal
Born-Died1918 - 1978
BirthplaceTexas (TX)
RaceWhite
FatherHead, Same Company
Era - 1950

Though Tandy Corporation was a successful leather goods company, Charles Tandy’s biggest accomplishment was his revitalization of Radio Shack. Acquiring the company with $4.5 million in debt and almost $1 million in largely uncollectible receivables, Tandy assembled a team of lawyers to settle the accounting problems and then secured financing for much needed expansion. Drastically reducing Radio Shack’s store size and streamlining inventory while introducing company-branded products, Tandy’s Radio Shack grew to have more than 2,800 stores in 1973 and revenues grew to $10 billion by 1975.