Friday, February 6, 2015

Radio Shack Bankrupt

Radio Shack announced it was filing for bankruptcy today. The company has about $1.2 billion in assets and $1.3 billion in debts.  Sprint plans to buy about 1700 of the roughly 3000 stores in the chain and turn them into co-branded Sprint outlets. I would say there's better than a 50/50 chance of that happening with the Radio Shack in Carbondale. Keeping it open as a Sprint outlet would give Sprint a dedicated storefront to compete with those operated by Verizon and T-moble here in town.

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