RadioShack files for bankruptcy protection, to sell stores

[yuiyoshida]

[snappyturtle]

1. Here's a little update on what will happen to some RS stores:

http://www.reuters.com/article/2015/02/06/us-radioshack-bankruptcy-idUSKBN0L92XC20150206

(Reuters) - Electronics retailer RadioShack Corp (RSHC.PK) filed for U.S. bankruptcy protection on Thursday and said it had a deal in place to sell as many as 2,400 stores to an affiliate of hedge fund Standard General, its lender and largest shareholder.

Wireless company Sprint Corp (S.N) would operate as many as 1,750 of those stores under an agreement with Standard General, Sprint said separately.

more at link....

[father founding]

2. Let them control Government

1.3 Billion in debt,because businessmen know how to control money better.

[zebonaut]

3. Yes the era of shacks and radios has passed

always felt uncomfortable in their stores for some reason; prolly being watched

[SoapBox]

4. Too bad...

Another company bites the dust.

[jtuck004]

5. Before our digital age these stores were a goldmine of electronic parts, radio junk, old resistors,

caps, all the stuff a growing kid needed to experiment, and with people who were just as interested in the stuff as you, and wanted to learn just like you did. .

They were of great service then, but seem to have changed as we turned more corporate as a country, and walked away from that. The world changed too, but they seem to have just become a Bed Bath and Beyond for the digital set, offering not much that couldn't be found elsewhere for a better value, or done without.

If we do wind up making the planet less inhabitable for so many, maybe such things will come back into vogue.

[freeradicalm]

6. A M F

[Teutonic Samuel]

7. You Mean...

...America no longer wants to pay bloated prices for 1970s technology? Well I am shocked!

[EEO]

8. The 1990s said it should have had bragging rights to RadioShack going bust.