RadioShack Near Deal To Sell Half of Its Stores, Close the Rest

mrspoonsi sends a Bloomberg report about a possible endgame for RadioShack. The company will reportedly sell half its store leases to Sprint, and the remaining stores will simply close. Negotiations are still underway, and the deal could fall through — but as it stands, the stores still open will likely change to Sprint's branding. Sprint and RadioShack also have discussed co-branding the stores, two of the people said. It’s also possible that another bidder could emerge that would buy RadioShack and keep it operating, the people said. The Chinese backers who took the Brookstone chain out of bankruptcy, Sanpower Group, also have been in discussions about bidding for RadioShack assets, one person familiar with the talks said. ... The discussions represent the endgame for a chain that traces its roots to 1921, when it began as a mail-order retailer for amateur ham-radio operators and maritime communications officers. It expanded into a wider range of electronics over the decades, and by the 1980s was seen as a destination for personal computers, gadgets and components that were hard to find elsewhere.

Comments

Re:shame

[dcollins117]

At this point the only nod to their heritage is that some locations might have a dusty selection of parts(often still 'Tandy' branded and yellowing with age) hidden behind the iphone cases and overpriced consumer electronics.

... and marked up 500%. Last time I went there hoping to get a cable they wanted nearly $20 for it. Not a complex cable, just a bog standard 6 foot stereo audio cable. I ended up soldering one together from scraps but see now that Walmart has the same cable for $4. Next time I'll just go there first.