More bad news for builders: RadioShack has again filed for protection under Chapter 11 of the bankruptcy laws, leading to the closing of even more stores across the country. It is the retailer's second attempt at reorganization in the past two years. A company news release said it will be closing about 200 more stores and will be "evaluating options" on the remaining 1300.
Another blow for circuit designers and builders is the announcement in March by International Crystal Manufacturing that it will be going out of business, most likely by the end of May. No reason was given for the decision in the letter posted on the company's website.
Ham Radio Outlet (HRO) has closed its Sunnyvale, California location, consolidating it with its store in Oakland, some 40 miles to the north. National Sales Manager Steve Gilmore blamed skyrocketing costs as well as traffic and parking problems for the decision to close the chain's Silicon Valley location.