RadioShack Cleared to Continue Sales, Tap Bankruptcy Loan

March 1, 2015

It has been in the news for months that RadioShack is closing. RadioShack, which was founded in Boston in 1921, is one of the oldest electronics stores in existence. They started out as a retailer for radio and electronic components. The company, which has not turned a profit since 2011, had warned of a possible bankruptcy in September and planning to quickly close about 2,100 stores. RadioShack cleared to continue sales and tap bankruptcy loan with a Going-Out-of-Business Sale which began February 2015 at over 1,700 stores. RadioShack’s has about 4,000 locations in the US.  Does RadioShack’s bankruptcy represents the demise of traditional electronics stores?

Read the entire article here:

Dawson Beattie

Dawson Beattie leads CreditEureka as President and founder. He has helped companies navigate international credit markets through nearly 20 years of shifting market conditions. He has helped companies in retailing, mining, technology, life sciences, and agriculture.