RadioShack: Struggling consumer electronics chain RadioShack, founded nearly a century ago, filed for Chapter 11 bankruptcy protection late Thursday. It plans to sell 1,500 to 2,400 stores to its largest shareholder, investment firm Standard General, and has filed a motion to proceed with closing the remainder of its 4,000 U.S. stores. , according to Canadian Broadcasting Corporation. And Sprint would be the primary brand on those RadioShack storefronts and marketing materials. A diminished RadioShack will live on, but its future may lie with Sprint. Wireless carrier Sprint Corp. has a deal with Standard General to open mini-shops in as many as 1,750 of the RadioShack stores Standard General is buying. Sprint would take up about one-third of the retail space in each RadioShack store, and Sprint employees would sell mobile devices and Sprint plans.
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Tagged under Standard General, RadioShack store topics.