SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
____________________________________________
September 11, 1996
Date of Report (Date of earliest event reported)
TANDY CORPORATION
(Exact name of registrant as specified in charter)
Delaware 1-5571 75-1047710
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
1800 Tandy Center, Fort Worth, Texas 76102
(Address of principal executive offices)(Zip Code)
Registrant's telephone number, including area code (817) 390-3700
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Item 5. OTHER
The text of a press release issued by the Company on
September 11, 1996 is set forth below:
ONE-STOP TELEPHONE SHOPPING RETURNS TO AMERICA!
SPRINT, SPRINT SPECTRUM AND RADIOSHACK JOIN FORCES
Joint Marketing Pact Includes Store-Within-A-Store
NEW YORK, NY, September 11, 1996 - Sprint, Sprint Spectrum
and RadioShack, a division of Tandy Corporation, today announced
a major alliance that will allow consumers to purchase a full
range of Sprint-branded communications services and products
through approximately 6,800 RadioShack stores and participating
dealers blanketing the United States.
"This alliance will result in unprecedented nationwide
distribution of communications products and services through a
retail channel," said William T. Esrey, Chairman and Chief
Executive Officer of Sprint. "Sprint, Sprint Spectrum and
RadioShack will offer to consumers a complete package of
customized consumer products, simply and conveniently in a
familiar store in their neighborhood."
"Sprint, Sprint Spectrum and RadioShack share a strategic
vision of one-stop telephone shopping that cannot be readily
duplicated," said John V. Roach, Chairman and Chief Executive
Officer of RadioShack's parent, Tandy Corporation. "This
alliance will permit a broad range of telephone products to be
sold at a Sprint store-within-a-store that will also sell
long distance, wireless personal communications service, local
telephone service, Internet access and other services. The
new era in telecommunications will take a giant step forward
for the consumer with this alliance."
Under the agreement, Sprint, Sprint Spectrum and RadioShack
will create a "store-within-a-store." Customers will have
access to a full service communications information center that
will offer Sprint Spectrum personal communications services
(PCS), Sprint long distance, local and wireless phone service,
Internet access and paging, as well as Spree pre-paid phone cards
and phone sets. RadioShack will also be the exclusive retailer of
Sprint-branded "residential" telephones.
RadioShack will also be one of the first retail locations
where Sprint Spectrum will sell its new wireless personal
communications service (PCS). Sprint Spectrum, a partnership of
Sprint, TeleCommunications Inc. (TCI), Cox Communications and
Comcast Corporation, plans to launch its nationwide, digital PCS
service in 15 to 20 markets by year end and in the remainder of
its 32 major trading areas in the first quarter of 1997.
"The nationwide reach of RadioShack is a perfect complement
for our national PCS service," said Andrew Sukawaty, Chief
Executive Officer of Sprint Spectrum. "RadioShack will be the
largest retail distribution channel for Sprint Spectrum and will
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be a key sales outlet for our nationwide launch along with sales
through our partners and Sprint Spectrum retail stores."
Sprint-branded PCS products and services are expected to be
available in about 300 RadioShack stores in approximately 15
cities by year end, with the full line of Sprint products and
services expected to be available in as many as 4,500 additional
stores in 1997.
"Sprint has a strong brand equity and this partnership extends
that equity into the retail marketplace by putting Sprint's
product and services within five minutes reach of 94 percent of
the population," said Leonard Roberts, President of RadioShack
and Tandy Corporation. "We believe that Sprint and RadioShack
will redefine how consumers deal with communications providers
for the next century."
The joint marketing and co-branding strategy will be
supported by a multimillion-dollar advertising campaign to
be launched in the third quarter of 1997. Sprint products
will also be featured in RadioShack catalogs.
Sprint is a global communications company at the forefront
in integrating long distance, local wireless communications
services, and the world's largest carrier of Internet traffic.
Sprint built and operates the United States' only nationwide,
all-digital, fiber-optic network and is the leader in advanced
data communications services. Sprint has $12.8 billion in
annual revenues and serves more than 15 million business and
residential customers.
Sprint Spectrum is constructing a nationwide network to
deliver PCS, the next generation of digital wireless services
to consumers and businesses. Sprint Spectrum's national digital
PCS network will offer PCS service in 32 Major Trading Areas
with a population of 182.5 million, making it potentially the
largest wireless communications company in the United States.
With $3.2 billion in annual sales and more than 6,800
locations nationwide, RadioShack is America's favorite
electronics store for electronic parts and accessories,
telecommunications products and services and repair service
for most major brands of consumer electronics.
In the press release set forth above, the Company makes
certain forward-looking statements. These statements are based
on the Company's current expectations and are subject to a number
of risks and uncertainties that could cause actual results in the
future to differ significantly from results expressed or implied
in any forward-looking statements made by or on behalf of
the Company. These risks and uncertainties include uncertainties
regarding the extent of consumer demand for wireless personal
communications service and other telecommunications products and
services, and the risks associated with newly-established
marketing alliances. Additional risks are set forth in more
detail in the Company's Annual Report on Form 10-K for the year
ended December 31, 1995.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned thereunto duly authorized this
18th day of September, 1996.
TANDY CORPORATION
(Registrant)
Date September 18, 1996 By:/S/ DWAIN H. HUGHES
_________________________
Dwain H. Hughes
Senior Vice President and
Chief Financial Officer
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