RadioShack information for chapter as Dash eyes its shops
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]