Radio Shack files for bankruptcy

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    rw
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    I just saw this article, (http://www.nbcnews.com/business/consumer/radioshack-files-chapter-11-bankruptcy-after-years-losses-n301161) which included the following:

    “RadioShack … says it will sell up to 2,400 stores.

    “Part of its bankruptcy plan calls for an asset purchase agreement with Standard General and Sprint to use a “store-in-store” model that would allow the RadioShack name to exist in as many as 1,750 of the acquired shops. Other underperforming locations would shutter. The branding on the surviving stores would primarily feature Sprint.”

    I have always appreciated the convenience of the Junction Radio Shack and occasionally the Westwood store for odds and ends, although I have wondered about their viability. Still, if specialty chains can make a business selling lightbulbs or batteries then I would think that Radio Shack stores could be profitable as well.

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