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The slow, painful death of a retail icon
Yesterday, RadioShack officially filed for bankruptcy, a move that was plans and rumors up until this point. This is pretty much a killing blow as RadioShack plans to sell up to 2,400 of its stores in the United States.
Now, RadioShack is like a rotting corpse being pulled apart by zombie corporations. Amazon has plans to snatch up some of the stores to give a massive boost to its brick-and-mortar presence and Sprint will keep a small shell of RadioShack alive in its own stores with Sprint selling its service and RadioShack providing all the parts and accessories.
It's a sad fate for sure, but one that's seemed inevitable considering the online boom of the last decade. To quote a now soul-crushing 2014 Super Bowl commercial, the 80s wants its store back. Maybe it's best to remember the store in its glory rather than its downfall.
Yes, it's true: after somehow clinging on for the last few years, RadioShack is finally, officially bankrupt. But that doesn't mean that every single store will be vanishing — far from it, in fact. There's now a list of all the stores that will be going in the next few months.
RadioShack has around 5,000 stores with its branding worldwide, but as Bloomberg points out, not all of those are going to vanish in the near future, regardless of what happens in the boardroom. Around a thousand of those stores are operated as franchises, which will retain the right to use the RadioShack name for the next few years (whether they want to do that, of course, is a different question). Furthermore, if a rumored deal with Sprint goes through, 1,750 stores will be co-branded as Sprint retail locations and continue to sell gold-plated connectors to unsuspecting pensioners.
One thing that looks certain, however, is the closure of 1,784 stores, as outlined in bankruptcy documents (and noticed by Business Insider). The closures will come in three waves, with the first completed by February 17th, and the latest at the end of March. BI has the full list for your morbid fascination.
originally posted by: SgtHamsandwich
It's not surprising, but still kinda sad. I didn't see this posted yet. Mods, please close if so.
I loved meandering around RadioShack and looking at all the weird electrical riff raff.
Gizmodo
The slow, painful death of a retail icon
Yesterday, RadioShack officially filed for bankruptcy, a move that was plans and rumors up until this point. This is pretty much a killing blow as RadioShack plans to sell up to 2,400 of its stores in the United States.
Now, RadioShack is like a rotting corpse being pulled apart by zombie corporations. Amazon has plans to snatch up some of the stores to give a massive boost to its brick-and-mortar presence and Sprint will keep a small shell of RadioShack alive in its own stores with Sprint selling its service and RadioShack providing all the parts and accessories.
It's a sad fate for sure, but one that's seemed inevitable considering the online boom of the last decade. To quote a now soul-crushing 2014 Super Bowl commercial, the 80s wants its store back. Maybe it's best to remember the store in its glory rather than its downfall.
Yes, it's true: after somehow clinging on for the last few years, RadioShack is finally, officially bankrupt. But that doesn't mean that every single store will be vanishing — far from it, in fact. There's now a list of all the stores that will be going in the next few months.
RadioShack has around 5,000 stores with its branding worldwide, but as Bloomberg points out, not all of those are going to vanish in the near future, regardless of what happens in the boardroom. Around a thousand of those stores are operated as franchises, which will retain the right to use the RadioShack name for the next few years (whether they want to do that, of course, is a different question). Furthermore, if a rumored deal with Sprint goes through, 1,750 stores will be co-branded as Sprint retail locations and continue to sell gold-plated connectors to unsuspecting pensioners.
One thing that looks certain, however, is the closure of 1,784 stores, as outlined in bankruptcy documents (and noticed by Business Insider). The closures will come in three waves, with the first completed by February 17th, and the latest at the end of March. BI has the full list for your morbid fascination.
Proposed RadioShack store closings
It's not only mom and pops, but ever increasing sizes of business that just can't survive. And we, the consuming public (we aren't people anymore - as that designation goes to BIg Business interests today) lose out on the lack of competition.
originally posted by: Tangerine
It's only surprising it didn't happen sooner. The last half-dozen times I went to Radio Shack they didn't have the items I was looking for (not even speaker wire!) and they were staffed with people who were clueless and provided poor customer service.