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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRadioShack to sell off stores to Sprint and close the rest
Bloomberg News is quoting sources saying that RadioShack Corp. is preparing to shut down the almost-century-old electronics chain in a bankruptcy deal that would sell about half its stores to Sprint Corp. and close the rest.
The retailer has started clearance sales at many of its 4,200 stores across the U.S.
Sprint is behind AT&T, Verizon and T-Mobile in opening its own branded wireless stores. AT&T has more than 5,000 branded stores. Verizon has more than 1,700.
RadioShacks locations are in high traffic neighborhood shopping centers. It has been closing its mall stores. Sunday was the last day for its store at Town East Mall in Mesquite. The Parks at Arlington store is expected to close later this spring.
Read more: http://bizbeatblog.dallasnews.com/2015/02/bloomberg-report-radioshack-to-sell-off-stores-to-sprint-and-close-the-rest.html/
Agschmid
(28,749 posts)jehop61
(1,735 posts)Why is it a good story when thousands of people will lose their jobs? I think it's very sad
MohRokTah
(15,429 posts)To me it's sad, but Radio Shack has been unable to meet the challenges of being a brick and mortar in the internet age.
Response to MohRokTah (Reply #3)
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MohRokTah
(15,429 posts)Agschmid
(28,749 posts)Sherman A1
(38,958 posts)Many more lost jobs.