RadioShack Bankruptcy Trustee Wants Customer Mailing Lists Removed From Auction

RadioShack Bankruptcy Trustee Wants Customer Mailing Lists Removed From Auction

Bankrupt RadioShack doesn’t have a lot of assets left that anyone might want, but one very marketable asset is its mailing lists. Specifically, 65 million names and addresses and 13 million e-mail addresses. In March, RadioShack said that it wouldn’t be selling that information…yet. Now that it’s time to sell off the former company’s intellectual property, all of that contact inforamtion is potentially for sale again. [More]

Police Seek Woman Who Stuffed $1,140 In Electronics Inside Her Skirt

Police Seek Woman Who Stuffed $1,140 In Electronics Inside Her Skirt

A dress with a flowing full skirt is a great fashion choice for a hot day, so the woman who walked into a RadioShack in Florida dressed that way back in February didn’t really stand out. No one really noticed the full skirt of her floral dress…not even when she and her shopping companion began cramming electronics under the skirt, into some kind of criminal crinoline with pockets. [More]

Is The RadioShack Brand Name Even Worth Anything?

Is The RadioShack Brand Name Even Worth Anything?

All of RadioShack’s stores have been either shut down or sold and have now re-opened to sell only Sprint phones alongside batteries. Yet the owner of those stores, Standard General, didn’t negotiate to buy the RadioShack brand name along with the stores. It will be auctioned in May along with the rest of the company’s intellectual property, which includes the Radioshack.com URL and their mailing lists. Standard General may bid on the brand name, but they obviously don’t think that it’s very important. [More]

(Phillip Pessar)

RadioShack Consumer Data Might Be Back Up For Auction

When the venerable electronics retailer RadioShack declared bankruptcy earlier this year and prepared to sell off its assets and its business, they quietly announced one item that was legally problematic but potentially lucrative: tens of millions of pieces of customer contact information that it has collected over the years. After the Attorney General of Texas objected to such a sale, the court was told that selling that information was off the table. Now it could be back on. [More]

(Phillip Pessar)

RadioShack’s New Owners Don’t Really Care About Buying The RadioShack Name

RadioShack still exists. Well, stores that say “RadioShack” on them still exist, but those are a joint venture between the Shack’s new owners and Sprint. While the stores have kept their doors open, there’s one thing missing from the business plan: this new venture doesn’t own the RadioShack trademark yet. They aren’t too worried about it, though. [More]

A rendering of what the new SprintShack store branding could look like.

Sprint Opening For Business Inside 1,435 RadioShack Stores Today

Things move fast when you’re in the newlywed phase, and Sprint is no exception: Only a few weeks after Standard General acquired 1,740 RadioShack stores at a bankruptcy auction, Sprint will be opening stores inside 1,435 RadioShack locations today. Soon, those stores will bear new co-branded Sprint-RadioShack signage. [More]

RadioShack CEO Resigns As Company Prepares To Open New Stores Later This Month

RadioShack CEO Resigns As Company Prepares To Open New Stores Later This Month

After getting a glimpse at what the new co-branded RadioShack/Sprint stores will look like, the company is preparing to unveil the brand spanking new stores later this month. Meanwhile, RadioShack’s CEO is exiting the scene before the debut after failing to successfully steer the company away from bankruptcy over the last two years. [More]

Here’s What Co-Branded Sprint-RadioShack Stores Will Probably Look Like

Here’s What Co-Branded Sprint-RadioShack Stores Will Probably Look Like

Yesterday, the sale of 1,740 remaining RadioShack stores to hedge fund Standard General was approved by a bankruptcy court. We’ve known since before the bankruptcy filing that their plan is to team up with Sprint to re-open stores that will be part phone store, part RadioShack merchandise. What would that look like? Sprint has already showed us. Well, they showed the federal bankruptcy court in Delaware, which makes them public documents. [More]

(Phillip Pessar)

Bankruptcy Court Approves Sale Of 1,740 RadioShacks To Standard General

The Great RadioShack Bankruptcy Auction Standoff may be over. The 94-year-old electronics retailer declared bankruptcy in February, and then closed around half of its stores, selling their leases. The company wanted to rid itself of the rest of its stores before April began so they won’t have to pay April rent on all of those stores out of money that should be going to their creditors. [More]

(JeepersMedia)

Have A RadioShack Gift Card? You Have One More Day To Use It

We initially reported that people with RadioShack gift cards would have to use them up by March 5 or lose the entire balance. Great news if you happen to have found one buried in the far corner of your junk drawer: RadioShack has extended the period that they’re accepting gift cards to March 31. [More]

(Phillip Pessar)

Good News: RadioShack Says Consumer Information Isn’t Part Of Bankruptcy Auction

Earlier this week, we reported that the one of the assets of the former RadioShack empire up for sale is the tens of millions of names, mailing addresses, phone numbers, and e-mail addresses that the retailer has collected from its customers. Many states’ attorneys general objected to this possible sale, noting that it may violate Texas law and the company’s own privacy policies. Fortunately, that consumer data is not yet for sale. [More]

RadioShack’s Future Comes Down To Saving Jobs Or Raising Cash For Lenders

RadioShack’s Future Comes Down To Saving Jobs Or Raising Cash For Lenders

What is the purpose of auctioning off the assets of a company that has declared Chapter 11 bankruptcy? Is it to keep some form of the company in business to keep workers employed, or is it to raise as much money as possible for creditors in order to make a dent in their losses? That’s the question in RadioShack’s bankruptcy auction. Bids are supposed to be finalized today, and there are two competing high bids: one that will keep a large number of stores open, and one that will raise cash for lenders. [More]

Your Personal Data Could Be For Sale In RadioShack Bankruptcy Auction

Your Personal Data Could Be For Sale In RadioShack Bankruptcy Auction

Have you handed your name, address, e-mail address, or phone number over to RadioShack as part of a purchase or, inexplicably, when you returned an item that you bought with cash? As the bankruptcy auction of the smoldering remains of The Shack continues into its second day, we’ve learned that one of the assets for sale is RadioShack’s customer list, which includes more than 65 million mailing addresses and more than 13 million e-mail addresses. Update: The bankruptcy auction’s privacy ombudsman says that customer information isn’t for sale. Yet. [More]

(Nicholas Eckhart)

RadioShack Bankruptcy Auction Continues: Unsecured Creditors May Not Get Much

Today is day 2 of the RadioShack bankruptcy auction. While selling the assets of a company that was once worth billions of dollars that still has thousands of stores isn’t a simple endeavor, the proceedings are going even slower than anticipated because other creditors object to the current high bid from Standard General. [More]

(cmorran123)

RadioShack Buyer Plans To Donate Art And Company Archives

You probably don’t normally associate the phrases “valuable art collection” and “RadioShack,” but the headquarters building that opened just ten years ago has some lovely artwork, valued at $500,000 but possibly worth more at auction. Standard General, the presumed winner of the auction for the RadioShack brand and many of its stores, plans to donate these artworks and the corporate archives to local corporate institutions. [More]

AT&T Asked RadioShack To Destroy Customer And Proprietary Information

AT&T Asked RadioShack To Destroy Customer And Proprietary Information

The auction for the smoldering remains of RadioShack is happening right now at the offices of the company’s attorneys in New York City, and something caught our attention while we wait for news about the winning bidders and future of the Shack and its stores and employees. AT&T has filed an objection to the proceedings in court, asking RadioShack to destroy any sensitive information about customers and AT&T itself. [More]

(Nicholas Eckhart)

Today’s Bankruptcy Auction Will Decide RadioShack’s Fate

On Monday, Radio Shack will forever cease to be the retailer it once was, and will turn into something different as the result of a bankruptcy auction. Exactly what will emerge from the ashes depends on the bidders bellying up to bid on the chain’s remains. [More]

(Phillip Pessar)

Only One Bidder For Radio Shack’s Remains Wants To Keep Any Stores Open

In the bankruptcy auction for the smoldering remains of RadioShack, only one bidder is interested in keeping the chain open as a business. That’s Standard General, which also happens to be the lender that bailed out the company last year in a last-minute attempt to save the business. [More]