The company that arose from RadioShack's 2015 bankruptcy saga could soon itself be filing for bankruptcy.
General Wireless is reportedly on the brink of seeking protection from creditors and entering the liquidation process. The biz could not be reached for comment. The formal paperwork for the bankruptcy could be posted within a matter of days, it is claimed.
A liquidation of General Wireless will effectively mark the end of RadioShack, which opened its first store in 1921 and became a mainstay of electronics hobbyists through the rise of the home computing era.
The retailer was nearly liquidated outright in 2015 after years of struggling to keep up with competition from online stores and a financial plummet that saw the value of its stock fall so sharply it was removed from the New York Stock Exchange.
Micro Center remains, but in the era of Adafruit, Seeed Studio, Sparkfun, and others are big-box retailers still relevant?
(Score: 3, Informative) by Uncle_Al on Tuesday March 07 2017, @04:19PM (3 children)
Fry's, but that mostly a west coast thing.
(Score: 0) by Anonymous Coward on Tuesday March 07 2017, @05:47PM
Fry's, but that mostly a west coast thing.
We have like one in the Chicago suburbs near my work but I've only been in there once. Everything there can be gotten for cheaper online, they pretty much exist just for the convenience of having it in the same day.
(Score: 3, Insightful) by Grishnakh on Tuesday March 07 2017, @09:05PM
The west is the best.
(Score: 2) by JoeMerchant on Wednesday March 08 2017, @03:02AM
Fry's is big in Houston - literally HUGE stores.
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