RadioShack Closing Stores – Real Estate Matters
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RadioShack Closing Stores

After 94 years of operation, American electronics retail chain RadioShack filed for bankruptcy with $1.2 billion in assets and $1.38 billion in liabilities in a Delaware court on Thursday, 2/5. Changing technology and consumer habits seem to have been a tougher challenge for RadioShack as e-commerce giants such as Amazon and eBay continue to take over. Standard General, a private equity fund, announced that it will acquire 2,400 RadioShack stores and will work with Sprint to create 1,750 store-within-a store concepts nationwide. In Minnesota, over 20 RadioShack stores are expected to close as a result of this bankruptcy filing.

Source: Forbes

RadioShack filed for bankruptcy (Source: Forbes)

 

 

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