High tech

Over $200 million spent on imported electronics last year

Barbados spent about $223 million on the importation of electronic goods in 2016.

Minister of Industry and Commerce Donville Inniss made the disclosure here Wednesday night as he welcomed the electronics store RadioShack back to Barbados.

Here, a RadioShack representative shows off some of the company’s merchandise to Minister of Industry and Commerce Donville Inniss and Unicomer’s Managing Director Trisha Tannis.

Inniss acknowledged that the amount spent on electronics was “significant”. However, he cautioned that while it was important for Government to save foreign exchange, it could not do so at the expense of those interested in purchasing international brands.

“Of course our task is to continue to find ways in which we can earn the foreign exchange while allowing Barbadians to have these options, and I believe we are doing the right things in trying to find ways for these options.

“The reality about it is that we have to offer these options,” Inniss said, while stressing that “these brand names are known to people around the world”.

At a time when its parent company General Wireless Operations Inc is struggling to keep some of its United States stores open, RadioShack is making its comeback to Barbados after a 30-year absence under a different franchisee.

Unicomer (Barbados) Limited is the local franchise holder for the cash-strapped American retailer, which has filed for bankruptcy twice in as many years.

Unicomer’s Commercial Director Peter Ellis also addressed the gathering.

Managing Director Trisha Tannis said since opening of the new store in Sheraton Mall with four employees about a week ago the public response has been great. She also said there was a possibility of more RadioShack stores opening here in the near future as Unicomer remained “cautiously optimistic” about the performance of the Barbados economy.

“We are cautiously optimistic, and if you know anything about the Unicomer model and certainly Courts, we create our own reality. We really just use circumstances and believe they are temporary to rise to the occasion and to really use our innovative and creative selves to maintain and sustain the model for the good of our team members and broader stakeholders. It is very important that we continue to be positive and move forward,” said Tannis.

RadioShack filed for bankruptcy in 2015, resulting in the closure of about half the stores it had then. The electronics retailer again filed for bankruptcy in March this year, which should result in the closure of about 187 of its 1,500 remaining stores.

4 Responses to High tech

  1. Peter April 21, 2017 at 9:46 am

    Thank you and welcome back. I remember the days when I had to travel to Miami or new York to make special purchases. then it was with the Haddock’s owned Radio Shack store on Bay Street in Kingstown St. Vincent. I shall surely pop in to see your range of items. Bearing in mind that no one repair anything nowadays, they simply replace it. Good luck and wishes for success.

    Reply
  2. Milli Watt April 21, 2017 at 10:24 am

    imagine another user of foreign exchange using that amount of money and you can’t pay simple bills on line to say you saving and this @#$Q for a minister playing he looking interested sstttuuupppsssseee…..then again he mek he living on line using the technology.

    Reply
  3. Alex Alleyne April 21, 2017 at 4:52 pm

    Is not Radio Shack store chain struggling and closing most of it’s doors up North?. Best Buy would have been a much better chain for BIM.

    Reply
  4. Helicopter(8P) April 24, 2017 at 2:03 pm

    The Kids will love the drones too which can be used as security tools duiring blistering hot days and at night on the farms and estates!

    Reply

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