After years of struggling to adapt to the digital era, RadioShack on Thursday filed for Chapter 11 bankruptcy.
Under the agreement, the hedge fund Standard General will purchase up to 2,400 of RadioShack’s stores. Wireless carrier Sprint will establish a “store within a store” model in up to 1,750 of the stores acquired ty Standard General. RadioShack plans to close the rest of the stores that it owns, which currently number 4,000.
as reported in The Washington Post
This news saddens me. As a geek, I grew up visiting Radio Shack. It was my favorite store. I remember buying parts to build my first cable converter box there. Radio Shack, unfortunately sells something that few people need in today's world. Anyone remember the Battery Club?