It’s been a long, strange road for Radio Shack. Long before the Internet, long before Best Buy and disposable electronics, there was Radio Shack. If you wanted to, say, repair a radio or tinker with some electronics, that was the place you went for kids, parts, and the like. If you needed a vacuum tube or an engine for a remote control car, well… you knew your destination. Not so much anymore. Radio Shack has filed for Chapter 11 bankruptcy and has announced it will be sharing store space with Sprint.
Here’s the statement from Sprint: Under the terms of the new agreement, Sprint would effectively operate a store within a Radio Shack store, occupying approximately one third of the retail space of each location. Sprint employees will sell mobile devices and plans on all Sprint brands including Boost and Virgin Mobile. The stores will be co-branded with Sprint being the primary brand on storefronts and in marketing materials.
Radio Shack will also be closing 2400 stores, which is a staggering number since I had no idea there were that many surviving Radio Shack locations. Considering that Radio Shack has been on the ropes since 2011 and that the store’s many attempts at staying relevant and open (to the point of giving away guns with every satellite dish), and nothing’s worked.
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