Radioshack Declares Bankruptcy

Posted by samzenpus on Thursday February 5, 2015 @11:31AM from the end-of-the-line dept.

gemtech writes RadioShack has declared bankruptcy today. As reported Monday, the company has struck a deal to sell up to 2,400 of its approximately 4,000 stores to Sprint. From the article: "RadioShack said the remaining stores are expected to close. The company's franchise locations, as well as stores in Mexico and Asia, are not included in the deal. The bankruptcy announcement is no surprise. The New York Stock Exchange suspended trading of its shares on Monday. And RadioShack workers have told CNNMoney that some locations have already been converted to clearance stores."

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Re:So who's going to buy them? by MightyMartian · 2015-02-05 12:05 · Score: -1, Flamebait

Yeah, because mom and pops were flourishing in Bush's America.

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The world's burning. Moped Jesus spotted on I50. Details at 11.
Re:So who's going to buy them? by MightyMartian · 2015-02-05 12:20 · Score: -1, Flamebait

And what the fuck do you suggest the Federal government do to save mom and pops? Outlaw Walmart?
The economic realities have made mom and pops increasingly less viable since the 1980s. You'd be better off blaming China.

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The world's burning. Moped Jesus spotted on I50. Details at 11.