Charles D. Tandy
Charles David Tandy
Official Portrait issued by Tandy Corporation
|Born||May 15, 1918|
|Died||November 4, 1978(aged 60)|
|Alma mater||Texas Christian University|
|Net worth||$28.4 million (at time of death)|
|Spouse(s)||Gwen Purdy (Johnston) (?-1966)|
Anne Valliant Burnett Tandy m. 1969
Charles Tandy was born in Brownsville, Texas to Dave L. Tandy, who ran the Hinckley-Tandy Leather Company with his friend Norton Hinckley. He was educated at the R. L. Paschal High School.
Tandy entered his father's business at the age of 12. In 1940 he graduated from Texas Christian University. He then spent some time at the Harvard Business School before joining the US Navy for the remainder of World War II. While in the Navy he set a record for selling war bonds. While a supply officer in the Navy, he noticed sailors being taught knitting and needlepoint as part of recuperative therapy. Thinking that men would prefer leatherwork to needlework, he established a system of craft work for hospitalized service personnel. Its success led him, on leaving the Navy, to set up a mail order business, Tandycraft, that became a major part of his father's business.
Tandy developed his small family leather business into an international corporation. He first turned it into a leather craft company when shoe rationing in World War II almost killed the business, and later expanded into selling leather and tools to make such products as wallets. After a struggle over the company, which saw the Hinckley name dropped, the company was renamed to Tandy Corporation.
In 1963, Tandy acquired the ailing RadioShack, a chain of nine retail stores in the Boston area; the chain grew to more than 400 across the country. Tandy said “We’re not looking for the guy who wants to spend his entire paycheck on a sound system”, rather RadioShack sought customers "looking to save money by buying cheaper goods and improving them through modifications and accessorizing", making it common among "nerds" and "kids aiming to excel at their science fairs".
Tandy died of a heart attack in his sleep, on 4 November 1978.
Awards and recognition
- 1976: Business Executive of the Year by Texas Wesleyan University
- 1976: Dateline Award by Fort Worth Advertising Club
- 1976: Spirit of Enterprise Award of the Fort Worth Chamber of Commerce
- 1976: Outstanding Chief Executive Officer of the Year in Merchandising and Services Category by Financial World
- 1991: Academy of Achievement Sales & Marketing Hall of Fame Induction by SMEI
- "Radio Shack's Charles Tandy Dead at 60". The Intelligent Machines Journal. 1: 1. 11 December 1978. ISSN 0199-6649.
- Knight, Oliver (1990). Fort Worth: Outpost on the Trinity. TCU Press. ISBN 9780875650777.
- Farman, Irvin (1992). Tandy's money machine : how Charles Tandy built Radio Shack into the world's largest electronics chain. Chicago : Mobium Press.
- "Charles Tandy, 60, Industrialist". The New York Times. 1978-11-06. Retrieved 2017-09-18.
- Farman, Irvin (1992). Tandy's Money Machine. Chicago: The Mobium Press. ISBN 0-916371-12-3.
- "Inside RadioShack's slow-motion collapse: Why the fall of the 94-year-old electronics chain didn't have to be this way". Financial Post. 2015-02-06. Retrieved 2018-10-16.
- "Dateline Award Recipients" (PDF). American Advertising Federation of Fort Worth. Retrieved 2010-06-09.
- Bennison, Gail. 'A Lot of Man' Charles Tandy left a legacy of colorful stories, grateful devotees. Fort Worth Business Press: Thanks for the Mentorees (doc). Fort Worth, TX. pp. 7–10.