(Matthew Hunt)

Bankrupt Former RadioShack To Pay Its Property Taxes

As the company we once knew as RadioShack winds down its affairs, it’s taking care of some important pieces of business. Like paying its taxes. This week, the company negotiated to pay its property tax balances on its former properties in Texas. [More]

(Mike Mozart)

RadioShack Executive Wants You To Know That RadioShack Is No Longer RadioShack

When I mention RadioShack, which I occasionally do for some reason, people often express surprise that the electronics chain still exists. That’s because they either assume it had shut down years ago, or didn’t know that some of the chain’s stores survived its recent bankruptcy. Only that’s what the people running this new RadioShack want us all to know: the new RadioShack isn’t the continuation of the old RadioShack. Maybe they shouldn’t have kept the name after all. [More]

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]

(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]

(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]

(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]

(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]

(Phillip Pessar)

RadioShack Franchisees Don’t Want Surprises In Corporate Bankruptcy

While RadioShack has declared bankruptcy and plans to liquidate, closing or maybe continuing to exist in a co-branded venture with Sprint. However, there are about 700 RadioShack stores that are doing okay. These stores are dealers and franchisees, stores that carry RadioShack merchandise and perhaps their brand, but might sell other merchandise too. The bankruptcy of RadioShack has some terrible effects on these merchants, and they’re working together to make sure that they aren’t hurt as parts of RadioShack are sold off. [More]

(Phillip Pessar)

RadioShack Selling Name Separately From Stores: Bids Start At $20 Million

In a bankruptcy auction, creditors want to extract as much money as they can from the company’s remaining assets that have any value. Recognizing that “Radio Shack” is a brand that people at least recognize, the company’s lawyers announced today in court that its name and intellectual property will sell separately from the store leases. [More]

Sale Of 1,100 Radio Shack Leases Approved

Sale Of 1,100 Radio Shack Leases Approved

Hey, buddy. Want to rent an abandoned Radio Shack? The quasi-relevant electronics chain received approval from the bankruptcy court today to sell off 1,100 store leases. These stores are open for bidding by anyone interested in taking over the lease––in some locations, Radio Shack has already held store-closing sales and taken off so they won’t have to pay rent in March. [More]

(Mike Mozart)

RadioShack Creditors Question Bankruptcy Timing

Experts and ordinary shoppers alike have been predicting the demise of RadioShack for some time now. The only question was when it would happen. A rescue financing package kept the company going for a while longer, but the company’s creditors allege that there was a very important reason for that: to line the pockets of lenders and distressed debt traders. [More]

There Are Some RadioShack Stores That Are Very Successful

There Are Some RadioShack Stores That Are Very Successful

The last week has been full of RadioShack-related doom, from the New York Stock Exchange starting to delist the company to rumors of its inevitable bankruptcy and its actual bankruptcy. What most people don’t realize when joking about the doomed nature of Radio Shack, though, is that there are about a thousand Radio Shack-branded stores that are doing quite well, and will continue to do so even if the Shack brand disappears. They’re small-town retailers that serve as Radio Shack dealers. [More]

Yep, RadioShack Declared Bankruptcy Today

Yep, RadioShack Declared Bankruptcy Today

In a completely unsurprising piece of news, RadioShack, a retailer that used to periodically sell some electronics, has filed for Chapter 11 bankruptcy, as predicted. Negotiations earlier this week resulted in an agreement where wireless carrier Sprint will take over about half of the chain’s stores, and the other half will close. [More]

Mall Owners Will Really Miss RadioShack

Mall Owners Will Really Miss RadioShack

RadioShack no longer serves an important role in most American consumers’ everyday lives. Yet one group will miss the chain quite a bit: mall developers, who will need to find replacement tenants for about 2,000 current Shacks that are expected to close. [More]

NYSE Will Delist Radio Shack Even Sooner Than Anticipated

NYSE Will Delist Radio Shack Even Sooner Than Anticipated

Earlier today, Bloomberg News cited two unnamed sources who said that doomed electronics retailer RadioShack was in talks with Sprint to sell about half of its 4,300 retail locations to the mobile phone company and close the rest. After sending the company a letter warning that it could be delisted, the New York Stock Exchange has now started the process to kick the company off the exchange. [More]