Saturday, October 22, 2016

RadioShack shakeup may lead to Eastside store closures


RadioShack in East Los Angeles slated for possible closure | Google Maps

RadioShack Corp. has released a list of 1,784 stores that face possible closure after the struggling consumer electronics and gadgets chain filed for Chapter 11 bankruptcy protection last week. The list, published in Quartz and other publications, contains three Eastside locations:

RadioShack plans to sell about 2,400 stores to a hedge fund, Standard General, that says its working to lease those stores to Sprint. The closures and sales must be approved by a bankruptcy court judge.

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