RadioShack Considers Selling Half Of Its Stores, Closing The Rest
Geo Beats
2015-02-03
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RadioShack has fallen upon tough times and is considering selling half of its stores to Sprint and just shutting down the rest, reports Bloomberg.
RadioShack has fallen upon tough times and is considering selling half of its stores to Sprint and just shutting down the rest, reports Bloomberg.
What would become of Sprint’s share remains unknown.
According to individuals familiar with the talks between the two companies, possibilities include both co-branding and a complete renaming.
Details of the negotiations have not been made public by either entity.
The recent years have been tough ones for the long-standing electronics chain.
Attempts to reinvent themselves as a consumer-friendly source rather than the gadget mecca they’ve come to be known as appear to have not gone well.
Despite considerable efforts to remodel and rebrand, 11 hundred stores have already been shuttered, and the company has not had a profitable quarter for some time.
Further, the value of RadioShack sh
RadioShack has fallen upon tough times and is considering selling half of its stores to Sprint and just shutting down the rest, reports Bloomberg.
What would become of Sprint’s share remains unknown.
According to individuals familiar with the talks between the two companies, possibilities include both co-branding and a complete renaming.
Details of the negotiations have not been made public by either entity.
The recent years have been tough ones for the long-standing electronics chain.
Attempts to reinvent themselves as a consumer-friendly source rather than the gadget mecca they’ve come to be known as appear to have not gone well.
Despite considerable efforts to remodel and rebrand, 11 hundred stores have already been shuttered, and the company has not had a profitable quarter for some time.
Further, the value of RadioShack sh
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