Tags: radioshack | retail | store | closing | bankruptcy

Wash. Post: RadioShack May Be 'Facing Its End'

By    |   Tuesday, 03 Feb 2015 10:32 PM

RadioShack, a mainstay of strip malls and city storefronts that struggled against the e-commerce onslaught and fancier electronics chains, might finally be headed for the retail scrapheap, The Washington Post reports.

The New York Stock Exchange this week moved to delist RadioShack, which hasn't turned a quarterly profit since 2011 and is again the subject of bankruptcy as well as reports that Amazon might buy some of the chain's 4,000 stores to use as pick-up locations for online purchases.

Telecom company Sprint is also in talks to buy some RadioShack properties, Gigaom reports.

Founded in 1921, RadioShack developed a reputation as a go-to supplier of electronic spare parts such as specialty cables and connectors.

But attempts at self-reinvention for the age of "e-tail" and personal mobile devices fell flat.


The chain soldiered on through cutbacks, store closures and investor rescues, with the satirical newspaper, The Onion, once observing, "Even CEO Can't Figure Out How RadioShack Still in Business."

"Whether RadioShack has suitors for its stores or not, experts say it’s unlikely the company will be able to hang on through this latest round of turbulence," the Post reports.

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RadioShack, a mainstay of strip malls and city storefronts that struggled against the e-commerce onslaught and fancier electronics chains, might finally be headed for the retail scrapheap, The Washington Post reports.
radioshack, retail, store, closing, bankruptcy
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2015-32-03
Tuesday, 03 Feb 2015 10:32 PM
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