AfterDawn: News

RadioShack is dead and Sprint will occupy most of the remaining stores

Earlier this week, electronics retailer RadioShack officially filed for bankruptcy, with plans to sell around 2000 of its stores to its largest shareholder and closing the rest permanently.

As part of the bankruptcy plan, major carrier Sprint will open up "mini-shops" in up to 1750 of the remaining stores, doubling their brick-and-mortar presence in the U.S.



Sprint would occupy about a third of the retail space in each store, and Sprint would sell devices, accessories and monthly plans. In addition, Sprint would be the main brand in marketing materials and on storefronts.

RadioShack has not been profitable since 2011, and has seen declining sales since at least 2008. The company will look to keep paying its employees while it restructures in bankruptcy, and the company is also looking to sell all of its international assets.


Source:
AP

Written by: Andre Yoskowitz @ 7 Feb 2015 23:30

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• 5 comments

• ajsmsg78

  God does Sprint suck.
  

  8.2.2015 16:38 #1

• joebloe12

  So did radio shack! Their prices were higher than a kite! Which is why I will not miss them....only used them for cables and I can get those at other places.

  8.2.2015 23:35 #2

• megadunderhead

  Honestly i find this funny the radioshack by us is right next to a sprint store and the sprint store is in 100 mile dead zone where there phones don't work at all interesting how you sell phones without service.
  

  9.2.2015 01:32 #3

• Semperfipal

  Originally posted by joebloe12: So did radio shack! Their prices were higher than a kite! Which is why I will not miss them....only used them for cables and I can get those at other places. Ditto!! I needed a simple audio cable, and they wanted on near $20 for it. I ordered from Amazon, had to wait a couple days, but got it for less and $2 with free shipping...........I won't miss them either.
  

  "Do not underestimate the power of an enemy, no matter how great or small, to rise against you another day." - Atilla

  10.2.2015 17:00 #4

• 8686

  As a musician, RS was always there in a pinch. If you don't have time to wait for Amazon (like on the way to a gig) and need a special cable adapter, RS was the place to go.
  

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  11.2.2015 16:40 #5