02-05-2015, 07:53 PM
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#1
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Franchise Player
Join Date: Oct 2001
Location: Behind Nikkor Glass
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RadioShack files for bankruptcy
Quote:
RadioShack Corp., the 94-year-old consumer-electronics chain, filed for bankruptcy with a plan to turn about half of its 4,000 stores into Sprint Corp. locations and close the rest.
The company said Thursday that it has an agreement to sell 1,500 to 2,400 of its locations to a unit of Standard General LP, its biggest shareholder. Standard General has a deal with wireless carrier Sprint to set up stores-within-stores at as many as 1,750 locations. The rest will be shuttered under a deal with a liquidator, Hilco Merchant Resources.
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http://www.bloomberg.com/news/articl...mount-i5spaw86
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