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]
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NYSE Will Delist Radio Shack Even Sooner Than Anticipated
By 2.2.15
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]
RadioShack Employee Accused Of Stealing Racy Photos From Woman’s Phone
By 2.2.15
Recently when we’ve talked about stolen photos it’s been related to a massive data hack. But for a San Francisco woman, the invasion of privacy came at a much smaller, more personal level when several of her intimate photos were allegedly stolen by a local RadioShack employee, who now faces felony charges and a civil lawsuit. [More]
RadioShack Negotiating To Close Half Of Its Stores, Sell The Rest To Sprint
By 2.2.15
Is it possible for RadioShack to survive? Experts believe that the 94-year-old company is going to declare bankruptcy in the coming weeks, but what are its plans after that? One report from inside the pre-bankruptcy negotiations is that the retailer plans to sell about half of its store leases to Sprint, turning them into Sprint stores, and shut down the rest. [More]
New York Stock Exchange Sends Warning Letter To Radio Shack
By 1.23.15
The New York Stock Exchange has standards for the stocks that it lists, including minimum corporate income or how much all shares of a company can be worth. As RadioShack slides toward bankruptcy, the NYSE has warned the company that it’s about to slide off the stock exchange, too. [More]
RadioShack Putting Off Paying Rent For Some Stores In Midst Of Restructuring
By 1.16.15
After the news that RadioShack is in the midst of preparing to file for bankruptcy soon comes more evidence that the struggling chain is trying to get itself set aright: A new report says RadioShack is saving cash by putting off paying rent. [More]
Report: RadioShack Preparing To File For Bankruptcy As Soon As Next Month
By 1.15.15
RadioShack’s march toward doom is continuing steadily on, after announcing it would close a bunch of stores, then saying it wouldn’t close as many because even that was too expensive, and telling employees it would no longer match employees’ retirement contributions as of next year, the struggling electronics retailer is reportedly getting ready to file bankruptcy papers. [More]
RadioShack Even More Doomed Than Previously Thought
By 12.29.14
It was once incredibly valuable for RadioShack to have a dense network of small stores in communities across the country. Now that the company is in financial trouble and struggling to find a business model and an identity, having more than 5,000 stores is a huge burden. The company can’t afford to keep all of the stores open, but it can’t afford to close them, either. [More]
RadioShack Will Stop Matching Workers’ Retirement Contributions Next Year
By 12.5.14
RadioShack, the electronics retailer that once called itself “America’s Technology Store” and now wants to repair your cracked iPhone screen, is willing to try just about anything to stay in business. While they negotiate with lenders for permission to close more stores, the chain announced that it will end matching contributions to employees’ retirement plans as of February 1, 2015. [More]
RadioShack Revises Thanksgiving Plan, Will Give Workers Five Hour Break To Spend With Families
By 11.12.14
Yesterday, RadioShack announced that it would be opening at the early hour of 8 a.m. on Thanksgiving morning, causing employees to complain about losing their holiday and many shoppers to ask why anyone would ever want to go to RadioShack at 8 a.m. ever. Now the Shack is changing its mind on that plan, but rather than simply opening later, the retailer will be closing for a few hours during the afternoon. [More]
Most RadioShack Stores Will Be Open Thanksgiving Day At 8 A.M. Because That’s The World We Live In Now
By 11.11.14
You’ve gotta do what you’ve gotta do, and in the fiercely competitive world of retail that apparently means eschewing the whole Thanksgiving thing and opening like it’s just any other day. In an attempt to boost sales, RadioShack has joined the ranks of the un-Thanksgiving, and will be open from 8 a.m. to midnight that day. [More]
Bankruptcy For RadioShack Is Probably Unavoidable
By 9.11.14
Wall Street analysts, the people who make big bucks keeping track of these things, say that bankruptcy for Radio Shack is probably inevitable. They were saying that after the retailer announced its quarterly results yesterday, losing money for the tenth straight quarter in a row. [More]
Radio Shack May Run Out Of Cash, Fail To Turn Itself Around
By 7.30.14
Back in June, we learned that part of Radio Shack’s turnaround plan is to start in-store repair counters for mobile devices as a bid for relevance and an attempt to offer at least one thing that no other retailer does. However, the credit-rating agency Moody’s doesn’t think that Radio Shack has enough cash to make it through 2015, let alone turn itself around by then. [More]
RadioShack Won’t Close As Many Stores As It Had Originally Planned
By 5.9.14
First, RadioShack said it would close around 500 stores, then more than doubled that number a few weeks later, saying it would shutter 1,100 locations around the country. Now that number is in doubt, but not because the company’s leadership believes wants to keep more stores open. [More]
As RadioShack Closes Stores, CEO To Get $500K Retention Bonus
By 3.5.14
While thousands of RadioShack employees got the bad news yesterday that the beleaguered electronics chain would be shuttering 1,100 stores, there are at least five Shack staffers who can not only feel secure about their jobs, but who will each be getting hundreds of thousands of dollars just to stick around. [More]
RadioShack Closing Up To 1,100 Stores Across The Country
By 3.4.14
UPDATE: RadioShack tells Consumerist there’s no list for now — but stay tuned: “We are not releasing a store closing list at this time. However, RadioShack will maintain market coverage as part of this plan, with more than 4,000 U.S. stores in the RadioShack footprint. We will have information to share in the future.” [More]
RadioShack Is Still Around, But Reportedly Closing 500 Stores
By 2.4.14
If you were still paying attention after the first quarter of Sunday’s Super Bowl, and not in the kitchen preparing or gorging on snacks, you might have seen one of the few mildly amusing ads to air during the game. It featured a RadioShack being dismantled by various ’80s icons and emerging from the ashes as a relevant store that doesn’t just sell batteries and cables you can get much cheaper online. Well, according to a new report, the first part of that ad will soon be coming true for hundreds of Shack locations, except it won’t be Cliff Clavin and Hulk Hogan clearing the shelves. [More]
Police: RadioShack Worker Punched Customer For Being Sarcastic
By 10.2.13
We get it — sarcasm flows from your lips like it’s your mother tongue. But not everyone is appreciative of such a tone — crazy, I know. See, that was sarcasm, used in the right setting. The wrong setting was apparently a RadioShack for one customer, who told police a worker walloped him for being sarcastic. [More]
