Update: New York Stock Exchange moves to delist Radio Shack stock amid talk of Sprint sale, shutdown

[Arcadiasix]

Update at 5:03 p.m.: Trading is halted in RadioShack stock and the New York Stock Exchange has started the process to delist its shares. Shares ended trading at 24 cents on the NYSE. The company’s stock will continue to trade in the over-the-counter market.


Original post at 12:41 p.m.: Bloomberg News is quoting sources saying that RadioShack Corp. is preparing to shut down the almost-century-old electronics chain in a bankruptcy deal that would sell about half its stores to Sprint Corp. and close the rest.

The retailer has started clearance sales at many of its 4,200 stores across the U.S.

Sprint is behind AT&T, Verizon and T-Mobile in opening its own branded wireless stores. AT&T has more than 5,000 branded stores. Verizon has more than 1,700.

http://bizbeatblog.dallasnews.com/2015/02/bloomberg-report-radioshack-to-sell-off-stores-to-sprint-and-close-the-rest.html/

[shenmue]

1. Sad

I used to like them. I went there a lot.

[Atman]

2. Where will I buy my transistors and vacuum tubes?

And I am seriously in need of a new hifi.

[Dr Hobbitstein]

3. Antique Electronic Supply

https://www.tubesandmore.com

Also, modern guitar amps still use tubes, so guitar shops usually have them.
Although, I haven't seen tubes in a radio shack in ages. I have a local electronics surplus store, but mostly I get all my parts online.

[PoliticAverse]

4. Darn, no more free battery of the month. n/t

[MohRokTah]

5. Just another case of the brick and mortar model's failure to compete with the internet model.

It's sad. It's the end of an era, It was also completely predictable.

[lovemydog]

6. I'm sorry for their employees.

As a different matter, I stopped going. I disliked that policy of asking for your email & zip code when you just want to buy something & leave.