Took long enough
Nearly a century after it opened its first store and sent out its first catalog, RadioShack (RSHC) declared bankruptcy on Thursday.
It has struck a deal to sell up to 2,400 of its approximately 4,000 stores and wireless company Sprint (S) will create a "store within a store" in up to 1,750 of those.
But RadioShack is not completely going away. Customers will still be able to purchase RadioShack products, services and accessories at the approximately 1,750 stores where Sprint will open shop. In fact, Sprint will occupy just one third of those locations, where it will sell devices and plans.
It has struck a deal to sell up to 2,400 of its approximately 4,000 stores and wireless company Sprint (S) will create a "store within a store" in up to 1,750 of those.
But RadioShack is not completely going away. Customers will still be able to purchase RadioShack products, services and accessories at the approximately 1,750 stores where Sprint will open shop. In fact, Sprint will occupy just one third of those locations, where it will sell devices and plans.
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