...We ain't got shit. Seriously though, I was actually in a RS the other day analyzing the store a little while talking to a long-time clerk. People say that RS is trying to compete with Best Buy, et cetera; that's not quite it, in my opinion. What they are really doing here is setting up a national chain of third-party mobile phone stores.
When you walk into the typical RS, the front 30-40% of the store is almost entirely given over to mobiles and accessories. Looking at their website, the first item on the top menu bar is "Phones and Radio Communications" with the first item in that menu being "Accessories" (the highest-margin part of the mobile business). Every time I checkout, I get asked how long I've had my current mobile phone.
Not even considering the classic component selection, the other consumer electronics stuff is a distant second to mobile. The clerk I spoke with said they're lucky to sell a couple TVs per month. And why *would* they do any better than that, when Wal-Mart knocks the shorts off them in price?
Does the new business model piss me off as an electronics hobbyist? Yeah, sure it does. I wanted to get a power MOSFET the other day and the highest-voltage part they had was an IRF510. They carry silver solder, but no flux. Etchant but no copper-clad boards. However, I don't blame them if they aren't making any money selling that stuff.
In my opinion, there's one way left to make money on a retail electronics-as-in-making-them store. Forget about the mall, and set it up as a hobby-type shop where you put on classes, offer support, and so on. Similar in a sense to a traditional 'hobby'-type store like Michael's or Hobby Lobby; they sell cake decorating gear by putting on classes featuring said gear. In the right environment, say a college town, there's no reason that a small, owner-operated hobby electronics shop couldn't make it if they're not having to pay mall rents. Put on an Arduino workshop, and sell those suckers at 150% the usual markup. Passives assortments at $20/pop. Saturday-morning robot showoff session. Have a tiny lab in the store with a couple o-scopes and DMMs where people could come in and work on their projects for some nominal fee. Would it satisfy the profit desires of corporate America? No. But it'd probably pay the owner's mortgage...