On Feb. 5, RadioShack filed for Chapter 11 bankruptcy.
As part of proceedings, the company is going to close a number of its stores, while others will survive as part of an agreement with Sprint to create a “store within a store.”
In court documents posted by RadioShack, the company and its creditors detailed plans about which RadioShack stores will close and when.
In all, the company plans to close at least 1,784 stores by March 31.
Both Radio Shack stores in Albany are among those slated to be closed; and the stores in Moultrie, Tifton, Bainbridge, Valdosta, and Waycross are also set to close.
RadioShack currently has approximately 4,000 company owned stores in the U.S. Its more than 1,000 dealer franchise stores in 25 countries, the stores operated by its Mexican subsidiary, and its Asia operations are not included in the Chapter 11 filing or the agreements announced today.
Standard General and Sprint will establish “Store within a Store” Retail Model at up to 1,750 acquired stores.
Here’s the full list of Radio Shack store closings:
Be the first to comment