RadioShack deathwatch
RadioShack or as it wished to be called for a moment “The Shack” is rumored to be making motions to file for bankruptcy in the next few days. One of the most credible rumors is pointing that the chain is looking sell half of its retail locations to Sprint. Which since the only thing that Radio Shack seemed to have sold that they probably made money on was cell phones, isn’t mind blowing.
If you had any doubts, this Radio Shack in West Michigan was on its last legs clearing out old cassette tape recorder decks (how is this inventoried in 2015 I’ll never understand).
Surely in the next few weeks, we’ll witness thousands of jobs, and one more retailer lost to a lost business plan. Stay tuned.
**Update, 1,700 store are slated to close forever. For those of you in Michigan below is the store closing map where only 52 stores are slated to close forever.