You have to feel kind of sorry for RadioShack. After filing for Chapter 11 bankruptcy for the second time in two years, the once-ubiquitous electronics chain has fewer than 100 corporate stores. Now the brand has a new owner after only one bidder was interested in buying the brand and its intellectual property. [More]
Search results for: "The Shack"
RadioShack Closes Last Store In Its Hometown
By 6.29.17
Even as the number of remaining RadioShacks dwindled to below 100, the once-popular retailer held off on closing the one store left in its hometown of Fort Worth, TX. But when that lone holdout shutters this weekend, it will leave a huge swath of Texas without a RadioShack for the first time in decades. [More]
18 Fascinating Items From RadioShack’s Corporate Memorabilia Auction
By 6.2.17 — Updated: 6.5.17
As part of closing down, RadioShack is emptying out the company museum at its headquarters, and its corporate archives and vault of memorabilia. That means that the company is selling some valuable and cool items, and some boxes of random crap that seemingly have no value to anyone. Here’s a tour of the best items in the auction, with some cool stuff and some crap. [More]
Should RadioShack Executives Get $1.4 Million In Bonuses? No, Say Creditors
By 4.20.17 — Updated: 5.9.17
When a company has filed for bankruptcy and is closing stores, should the leaders who helped it to get there be rewarded with bonuses? That question has come up in the proceedings for RadioShack’s second bankruptcy in just over two years, and the company’s creditors and court-appointed trustee have responded with a resounding “nope.” [More]
RadioShack Warns State It May Lay Off All Headquarters Employees
By 3.27.17
As twice-bankrupt electronics retailer RadioShack cuts back on its remaining network of stores across the country, the company has notified the state of Texas that it may close its corporate headquarters in Fort Worth at the end of May, or at minimum lay off some of the people who work there as its store network shrinks even more. [More]
These RadioShack Items Were Actually Cheaper Before They Went On ‘Clearance’ Sale
By and 3.21.17
We recently heard from RadioShack staffers that the retailer raised “original” or list prices on hundreds of items shortly before the Shack’s March 8 bankruptcy filing, presumably to give the appearance that the subsequent “clearance” sale offered deeper discounts than if the base price hadn’t changed. However, we can now see that some of the items on RadioShack’s website are now selling for more than they were only weeks before the store went bankrupt. [More]
Here Are The 365 Stores RadioShack Wants To Close Next
By 3.16.17 — Updated: 5.9.17
RadioShack recently filed for Chapter 11 bankruptcy protection for the second time in just over two years, and the electronics chain has announced plans to close somewhere between 530 and all of its stores, making final decisions in the coming weeks. What we do know is that the company has begun another round of store closings, and a likely list of stores slated to close was filed in the Shack’s bankruptcy case. [More]
RadioShack May Close Somewhere Between 530 And All Of Its Stores
By 3.9.17 — Updated: 5.10.17
For the second time in 25 months, electronics retailer RadioShack has filed for bankruptcy protection. The first time around, The Shack closed just over half of its stores, partnering with Sprint to keep the rest open and preserve thousands of jobs. This week, the company formed to keep the brand going sought permission from the bank to close between one-third and all of its stores. [More]
RadioShack Goes Bankrupt For Second Time In Two Years; Sprint Will Take Over Some Stores
By 3.8.17
That was quick. Barely two years after filing for its previous bankruptcy, RadioShack has again run out of money and options, resulting in the retail chain’s second Chapter 11 filing since Feb. 2015. [More]
Company Born From RadioShack’s Ashes May File For Bankruptcy
By 3.3.17 — Updated: 3.4.17
After RadioShack filed for bankruptcy in 2015, a new company — formed by a partnership between Sprint and the Shack’s new owners at Standard General — rose out of the ashes. Now comes news that this company, General Wireless, may also be facing bankruptcy. [More]
Here’s How You Can Get A Free Burger At Shake Shack
By 1.23.17
If you’re the kind of person who prefers free food over food you have to pay for — and who isn’t? — we’ve got some good news for you: in a bid to woo customers into downloading its new mobile app, Shake Shack is offering customers a free burger. [More]
Reminder: Friday Is The Last Day To Redeem Your RadioShack Gift Cards
By 11.29.16
The bankruptcy of RadioShack at the beginning of 2015 probably seems like a distant event to you now, but the business entity that used to be the massive electronics chain is still wrapping up its affairs. One of those last pieces of business is the end of gift card redemptions. The Shack’s estate will stop accepting requests on Friday, Dec. 2, 2016. [More]
RadioShack’s VP Of Stores Keeps Reminding People That It Still Exists
By 4.1.16
RadioShack declared bankruptcy last February and closed around 2,300 of its stores. Around 1,700 of the company’s stores didn’t close, though, and the Shack’s leaders want you to know that not only are they still around, but they’re making progress toward their goal of becoming a neighborhood electronics store. [More]
Sprint Finds Another Retail Buddy To Open 500 More Stores
By 2.29.16
A year ago, RadioShack filed for bankruptcy protection, and a little less than half of their retail stores were sold to a major creditor. That creditor in turn teamed up with Sprint to re-open the Shacks with mini-Sprint stores inside. Opening new stores with a buddy has apparently worked well for Sprint, and now they’re teaming up with the biggest mobile retailer in Europe to open 500 more stores in the U.S. [More]
Nick Cannon Insists That RadioShack Has Always Been Cool
By 2.23.16
Don’t ask rapper and actor Nick Cannon how he’s going to make RadioShack cool now that he’s their spokesman and “chief creative officer.” That, my electronics-shopping friends, is not his job. That’s because The Shack never stopped being cool. Got it? They’re just marginally cooler now that they have Nick Cannon’s own brand of headphones. Yeah, that’s it. [More]
RadioShack’s New CEO Quits After Less Than 1 Year
By 1.21.16
At this time last year, we were on RadioShack Bankruptcy Watch, waiting for the venerable electronics retailer to file for Chapter 11 protection. Would it mean the end of RadioShack stores nationwide, or would the brand survive? One of the company’s major creditors purchased around half of the chain’s stores, creating a new company that would buy the RadioShack name in the bankruptcy auction, and the new RadioShack hired a former Dell executive as CEO in April. Now CEO Ron Garriques is taking off. [More]
Judge Approves Final Plan For RadioShack Bankruptcy
By 10.1.15
RadioShack’s bankruptcy filing back in February probably surprised no one, and it’s also not surprising that it has taken almost eight months to sort out the affairs of a company that was 95 years old and had 4,000 stores. While many of the chain’s stores were saved and continue under a new owner, and some creditors will be paid in full, the bankruptcy won’t end well for the Shack’s unsecured creditors. [More]
RadioShack Agrees To Pay Outstanding Gift Card Balances Before Paying Other Debts
By 8.26.15
The state attorney general of Texas, home state of the company formerly known as RadioShack, wasn’t pleased that the electronics retailer went out of business with an estimated $46 million in gift cards outstanding. Normal bankruptcy procedure is that gift card holders who don’t cash in their cards before the deadline–usually 30 days after the company files for bankruptcy status — are out of luck. Thanks to the TX AG, the American public won’t have to shrug off the loss of that money… unless they lost their gift card. [More]
