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RadioShack Hangs On, Looks to Save a Few Stores

SV Staff  |  Sep 12, 2017

RadioShack, the once powerful electronics retailer that has been beset with life-threatening financial problems in recent years, is still working to preserve part of the company.

The courts have granted the company preliminary approval for a Chapter 11 bankruptcy reorganization plan that would leave the electronics retailer with an online presence, a dealer network, and somewhere between zero and 28 physical stores, according to a recent report in The Wall Street Journal.

A hearing for confirmation of the final plan has been set for late October. A positive outcome would at least enable RadioShack to participate in the 2017 holiday selling season.

COMMENTS
Billy's picture
Submitted by Billy on September 12, 2017 - 8:05am

The` amount of time I spent in Radio Shack stores back in the 70s is amazing. It was almost the only place to find certain cables or replacement parts, they rarely let me down. I now understand how much they were over charging for the convenience, but it is still sad to see another reminder of my youth go away. I still have a Realistic tuner and some tower speakers I bought in the summer of 79, both work flawlessly. With Amazon available, how can they possibly survive? What would be the purpose besides saving the shareholders?

pw's picture
Submitted by pw on September 13, 2017 - 2:09pm

Ditching their customer base of hobbyists and tinkerers to sell phones was a big mistake.. The RS executives did this to themselves..

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