Texas Attorney General Still Seeks RadioShack Gift Card Justice

Texas Attorney General Still Seeks RadioShack Gift Card Justice

RadioShack still says that they can’t identify the purchasers or the holders of the estimated $46 million worth of gift cards that are still out there for the chain. While there are still RadioShack stores, those are owned by a different company and won’t accept the old gift cards. The Attorney General of Texas, Ken Paxton, wants to make sure that gift card holders know that the Shack owes them money. [More]

Texas Attorney General Says RadioShack Knowingly Sold Gift Cards That Would Soon Expire

Texas Attorney General Says RadioShack Knowingly Sold Gift Cards That Would Soon Expire

If the leadership of a company knows that they’re about to file for bankruptcy, should they stop selling gift cards? That’s what the Attorney General in Texas contends: that RadioShack knew after the 2014 holiday season ended that it would be declaring bankruptcy soon, and that gift cards they had issued would lose their value at the time of the bankruptcy or shortly afterward. Yet they sold ’em anyway. [More]

RadioShack Seeks Relevance Through Wu-Tang Clan Affiliation, YouTube Dance Party

RadioShack Seeks Relevance Through Wu-Tang Clan Affiliation, YouTube Dance Party

RadioShack is in the middle of a bold retail experiment: is it possible to acquire a venerable brand with a deteriorated reputation through bankruptcy and rehabilitate it into a place where people actually want to shop? The Shack’s new owners are harnessing the power of song and dance to try this…well, and also portable speakers. And rap. [More]

(Matthew Hunt)

Former RadioShack’s Lawyers And Lenders Agree To Keep Talking About Settling

Since the beginning of RadioShack’s bankruptcy proceedings back in February, the lower-ranking or “junior” lenders in the company’s debt pile have claimed that the entire proceedings were full of shenanigans. As the proceedings wind down and lenders and lawyers sort out the final disposition of everything, everyone at least agrees on one thing: the bankruptcy will not convert from a Chapter 11 to a Chapter 7 to save money on lawyers. [More]

(Phillip Pessar)

There’s Still $43 Million In Outstanding RadioShack Gift Cards, And Texas Wants To Rescue It

When a retailer looks like it might be in danger of going out of business, we warn gift card holders to use their cards soon, before the company declares bankruptcy and the cards lose their value. Not everyone has the good sense to read Consumerist, though, and that’s why the Texas Attorney General wants the smoldering remains of RadioShack to put aside some money for gift card holders. [More]

(Matthew Hunt)

Here’s Your Last Chance To Do Anything With A RadioShack Gift Card

If you’re a person interested in retail bankruptcy, you’ll want to learn about how unsecured creditors hope to extract money from the smoldering remains of RadioShack. If you’re someone who recently discovered that they’re stuck with a RadioShack gift card, you’ll want to learn about how you can file your own claim against this trust and maybe get a tiny bit of money back. [More]

(Matthew Hunt)

RadioShack, AT&T, And Verizon Come To Agreement Over Customer Data

When quasi-relevant electronics retailer RadioShack declared bankruptcy earlier this year, one worry for consumer advocates was that the company would sell the bushels of consumer data that it has collected on people while selling them batteries. The new owners of the RadioShack brand, General Wireless, agreed to strict terms for consumer data, which now includes segregating data from purchases of AT&T and Verizon Wireless merchandise. [More]

SprintShack Stores Will Be Fully Staffed And Stocked In June

SprintShack Stores Will Be Fully Staffed And Stocked In June

The deal that Sprint made with the new owners of RadioShack means that the mobile carrier gets to effectively double the number of retail stores that it runs. That’s great for Sprint, but means that they need to hire people or move existing employees to the new stores. Don’t worry: Sprint will be ready and even have their signage out front by July. [More]

RadioShack’s Name And Intellectual Property Sells For $26.2 Million

RadioShack’s Name And Intellectual Property Sells For $26.2 Million

The RadioShack stores that have survived to stay open under new owners will be allowed to keep their name. Well, the RadioShack name that may eventually have a much larger “Sprint” sign above it. Bidding is complete in the auction of RadioShack’s intellectual property and trademarks, and the winner is hedge fund Standard General. Yes, that’s also the owner of the 1,700 or so RadioShack stores that have remained open. [More]

Well, Someone Bid $15 Million For What’s Left Of RadioShack

Well, Someone Bid $15 Million For What’s Left Of RadioShack

The controversial sale of RadioShack’s intellectual property continues: an attorney who represents the chain’s network of franchisees and dealers says that the current high bidder is the most logical buyer for the name and intellectual property: the same affiliate of hedge fund Standard General that purchased fewer than half of RadioShack’s stores and is running them in partnership with mobile carrier Sprint. Update: The final bid was $26.2 million. [More]

(Phillip Pessar)

RadioShack Bankruptcy Math: The Better-Known Your Company Is, The Less Its Name Is Worth

Bids are due tomorrow in the auction for RadioShack’s intellectual property. Consumerist has ultimately decided not to offer twenty bucks for TheShack.com, but we’re still following the auction with interest. Mostly, we’re wondering who is interested in the big prize: the right to call oneself “RadioShack.” [More]

(Nicholas Eckhart)

This Independent RadioShack Isn’t Going Anywhere

If you don’t happen to live near one, you may have never heard of RadioShack dealers and franchisees. They’re locally-owned stores that happen to sell merchandise from RadioShack. However, they aren’t part of the RadioShack that declared bankruptcy in February and is in the process of closing down most of its stores. The owner of one of these Shacks in Virginia wants to make sure that customers know they’re staying open. [More]

RadioShack Employees Had No Idea Whether Their Stores Were Doomed

RadioShack Employees Had No Idea Whether Their Stores Were Doomed

Moderately perceptive RadioShack employees could look around their stores and follow the news in recent years and tell that something was about to happen to their employer. Yet RadioShack employees had very little information about what was happening to their stores and whether they could expect to have jobs in the future. [More]

RadioShack Agrees To Mediation After Auction Of Customer Mailing Lists

RadioShack Agrees To Mediation After Auction Of Customer Mailing Lists

In bankruptcy court this morning in Delaware, there was a hearing regarding RadioShack’s plan to offer tens of millions of pieces of customer data in its bankruptcy auction. The attorney general of the Shack’s home state of Texas objected to this sale, mostly because the company’s original privacy policy didn’t allow the company to sell customer data to just anyone. Now RadioShack has agreed to mediation after its intellectual property, including those mailing lists, is auctioned on May 11. [More]

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]