Tags: radioshack | closes | stores | memorial day

RadioShack Closes 1,000 Stores in a Rush

Image: RadioShack Closes 1,000 Stores in a Rush

People walk past the Radio Shack in downtown Washington, DC, March 16, 2017. (PAUL J. RICHARDS/AFP/Getty Images)

By    |   Thursday, 01 Jun 2017 10:02 AM

RadioShack closed over 1,000 stores after Memorial Day weekend and planned to be left with about 70 company-owned stores by Thursday.

RadioShack held a "before we close the stores for good" sale over the holiday weekend, according to USA Today. The move comes just weeks after the retailers’ parent company General Wireless Operations filed for bankruptcy protection.

The remaining company-owned RadioShack’s are located in only seven states, including New York, Pennsylvania and its hometown of Texas.

The giant retailer is nearly 100 years old, according to Business Insider.

RadioShack issued a press release about the closings last week.

"This Memorial Day weekend, we will be closing over 1,000 stores, leaving less than 70 corporate and 500 RadioShack dealer stores around the country," the company said, according to 24/7 Wall St. "With 96 years of history, go say goodbye to the RadioShack in your neighborhood. This weekend you still have an opportunity to come visit your nearby store for your electronic needs at great liquidation sale prices, before we close the doors for good."

When the company was at its best, it had more than 7,300 locations across the U.S. and had stores located "within three miles of 95 percent" of American households, according to the Business Insider.

"RadioShack has always been known as the place for answers to the American public’s technology and electronics questions," the company said, according to Business Insider. "You’ve got questions, we’ve got answers."

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RadioShack closed over 1,000 stores after Memorial Day weekend and planned to be left with about 70 company-owned stores by Thursday.
radioshack, closes, stores, memorial day
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2017-02-01
Thursday, 01 Jun 2017 10:02 AM
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