04 February 2015 (14:50 UTC-07 Tango 01)/14 Rabi ‘ath-Thani 1436/15 Bahman 1393/16 Bing Yin (12th month) 4712
Reports that 94 years old RadioShack is selling at least half its existing stores, and the most likely buyer is cell phone company Sprint (Amazon is another potential buyer). It’s part of RadioShack’s bankruptcy which could see the rest of the iconic (but always struggling, I know I worked for them from mid 1989-90 and they were struggling then) electronics stores shutdown. 1-thousand 1-hundred remaining stores and thousands of jobs affected!
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- The Sun is permanently setting on this Pocatello, Idaho, RadioShack!
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- This Chubbuck, Idaho, RadioShack now on the hit list.
On 02 February 2015, the New York Stock Exchange began delisting procedures, basically rendering all stocks in RadioShack worthless. The delisting might have been the result of RadioShack administrators officially defaulting on a massive multi-million dollar loan from Salus Capital.
There are reports that some store employees were told to drastically cut prices and sell everything, while employees at other stores are reporting they’ve been told nothing.
Radio Shack ups the store closure ante!
Radio Shack will continue closing stores, because it makes them money!
Sears, Best Buy, RadioShack, JCPenny all going down?