RadioShack information for chapter as Dash eyes its shops

RadioShack files for bankruptcy as Sprint eyes its stores

As anticipated, RadioShack filed for Chapter eleven chapter as we speak. The electronics retailer has had eleven unprofitable quarters in a row that apparently even Bizarre Al and a drone, idea shops and Arduinos could not flip round. We have seen many electronics retailers fade out over the previous few years, however most do not have a ninety four-yr historical past behind them. Within the quick future, Reuters stories the corporate has a cope with its largest shareholder, Normal Common to promote between 1,500 and a couple of,four hundred of its four,000 shops. In flip, Dash has an settlement to increase to about 1,750 of these shops, taking over about one-third of the area. TechCrunch posted a replica of the submitting, and proper now it is anticipated that the remaining shops shall be closed, assuming the shop’s lenders approve of the deal — leaving us with one fewer place to go when want a battery proper now.

[Image credit: Joe Raedle/Getty Images]

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