Wednesday, April 15, 2015

Hopeful Signs for RadioShack

A New Jersey RadioShack gets outfitted with new Sprint
logos, showing the new partnership between General
Wireless and Sprint.

Electronics hobbyists may still be able to buy components and similar products at remaining RadioShack stores. The company filed for Chapter 11 bankruptcy protection earlier this year and has closed or is closing more than 2200 stores nationwide. However, 1743 of its locations have been purchased by General Wireless, Inc., which will continue to operate them under the RadioShack name (just over 1400 of those stores will be co-leased by Sprint and will be renamed as Sprint-RadioShack). In a news release announcing the purchase, General Wireless hinted that hobbyists - long a major part of RadioShack's customer base - will not be forgotten. "The stores will feature emerging technologies," the statement said, "that enhance the traditional accessories, DIY electronics and innovation for which the company is known." (See this month's "Kit-Building" column for the opportunities presented by going-out-of-business sales at those RadioShack stores slated for closing.)