InterTAN

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InterTAN Canada Ltd.
Fate Defunct
Successor(s) The Source
Headquarters Canada
Products Consumer electronics
Website www.intertan.com

InterTAN Canada Ltd. was a Canadian consumer electronics retailer that operated stores under the banner "The Source by Circuit City" and a single "THS Studio" location. It was a wholly owned subsidiary of Circuit City Stores Inc., as of May 19, 2004. InterTAN is based in Barrie, Ontario, Canada. The Rogers Plus chain was previously operated by InterTAN on behalf of Rogers Communications; the chain is now managed directly by Rogers. As well, conversion or closure of all UpClose and G-Wiz stores, as well as all but one THS Studio, was completed in 2006.

InterTAN filed for bankruptcy protection (under the Companies' Creditors Arrangement Act) at the same time as its U.S. parent in late 2008. However, the Canadian division was not directly affected by Circuit City's liquidation process announced on January 16, 2009. Bell Canada subsequently announced an agreement to purchase the bulk of InterTAN's assets, specifically The Source.[1]

InterTAN, the corporate entity, was not included in the sale (rather it was itself the seller),[2] and is therefore now considered defunct.

History[edit]

InterTAN began as a subsidiary of the Tandy Corporation, its name being a shortened version of International Tandy. Originally, InterTAN consisted of operations in Canada and Australia. The company became a separate entity from Tandy Corporation in 1986, and has since been reduced to being the parent company for the Canadian consumer electronics business only, divesting itself of the other properties during the late 1990s and early 2000s. Until June 30, 2005, InterTAN ran stores under the banner RadioShack in Canada, as it had a licensing agreement with the RadioShack Corporation until 2010 to use the American company's trademarks. However, after a purchase of InterTAN by Circuit City Stores, Inc. in 2004, the RadioShack Corporation sued to have that agreement terminated. While that lawsuit was approved in the State of Texas, it was not legally binding in Canada. InterTan filed a lawsuit in Canada stating that since the purchase by Circuit City Stores, Inc. was for only 80% of InterTAN, the latter was still a viable company and thus entitled to keep using the name RadioShack. Both InterTAN and Radioshack came to a temporary deal by which InterTAN is banned from using the former moniker since July 1, 2005, and as such, all corporate retail consumer electronics stores, and most dealer stores, formerly known as RadioShack are known as The Source. The matter was settled in late 2006; however, the details of the settlement were not made public.

InterTAN had entered into arrangements with Rogers Communications to run a chain of stores under the Rogers Plus banner, using InterTAN's point-of-sale systems and knowledge of retail operations for the day-to-day management of the stores. This partnership was renewed as part of the Circuit City acquisition, and was set to expire in January 2007.

In April, 2002, InterTAN, already one of Canada's largest battery retailers with its RadioShack stores, acquired certain assets and locations of Battery Plus and merged it into its retail operations.

In the first two months of 2007, InterTAN underwent drastic changes. By closing all but one THS Studio location, as well as all but one Battery Plus location, InterTAN began to focus on its core operation: The Source By Circuit City. InterTAN continued closing underperforming locations through the end of February 2007, resulting in the loss of employment for almost 100 Canadians. The positions varied from sales associates, store managers, store assistant managers, district managers, service centre managers, even regional vice presidents.

Circuit City announced that they had retained Goldman Sachs to explore selling off InterTAN in Q1, 2007.

See also[edit]

External links[edit]

References[edit]

  1. ^ Simon Avery, "Bell Canada snaps up The Source", globeandmail.com, March 2, 2009
  2. ^ Approval and Vesting Order (re sale to Bell), Ontario Superior Court of Justice, 9 March 2009