AfterDawn: News

Your local RadioShack could be a Sprint store soon

Bankrupt electronics store RadioShack is in talks to sell leases for some of its stores to major U.S. carrier Sprint.

The retailer is expected to file for bankruptcy next month after a half decade of declining sales and profits and will be closing over 1000 stores, as well.



RadioShack hopes to emerge from bankruptcy with around 3000 stores compared to the 4000 it has now, and the leasing could certainly help with some cash flow.

Over the past years, the company has moved away from its roots in general consumer electronics and tried to become a destination for mobile phone buyers, with mixed results.


Source:
Reuters

Written by: Andre Yoskowitz @ 15 Jan 2015 21:55

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• 5 comments

• cart0181

  A sad story. They were extremely late to the cell phone party so I don't know what they were thinking there. They should have stuck to what they were good at. Radio Shack could have been a great local outlet for hard-to-find electronic components and repair tools. All they really needed was a revamp of what was being carried in their stores. Talk about a waste of space!
  

  16.1.2015 00:44 #1

• ivymike

  They should've kept to their bread and butter business of selling electronic components such as transistors.
  

  16.1.2015 15:45 #2

• megadunderhead

  the honest problems here.
  
  Simple: radio shack is to darn expensive where i live at i can go to fry's and get all my electronics and components for half the price of radioshack
  

  17.1.2015 02:06 #3

• SProdigy

  Originally posted by megadunderhead: the honest problems here.
  
  Simple: radio shack is to darn expensive where i live at i can go to fry's and get all my electronics and components for half the price of radioshack Second that with being able to get something on Amazon, and faster. I understand profit margin and running a brick and mortar store, but come on, you cannot charge $20 for a cable I can find for a few bucks online. People aren't that gullible anymore.
  
  The stores aren't large enough for them to offer any other traditional consumer electronics, for example, that Best Buy would. And even with Best Buy, they have diversified over and over, because they have the same type of scam with accessories, albeit, they can hook you for larger priced items such as TVs, etc.

  19.1.2015 13:24 #4

• ivymike

  I guess that suppliers such as MCM & Mouser have rendered RadioShack obsolete......
  

  19.1.2015 13:31 #5