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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: 2) by tibman on Tuesday March 07 2017, @04:20PM (2 children)
Probably not. But a place where you can build with products from those sites is very relevant. Like a hackerspace but more organized.
SN won't survive on lurkers alone. Write comments.
(Score: 3, Funny) by VLM on Tuesday March 07 2017, @06:58PM
My moms basement. After a couple decades in my house my own basement isn't quite as organized.
The losers in silicon valley are all trying to sell various "Parent as a service" to other hyper privileged wealthy urbanites and someone yelling at you for getting PCB etchant stains in the laundry tub and could I move this circuit board junk so she can fold laundry towels is one they haven't tried yet. So far.
(Score: 1, Informative) by Anonymous Coward on Tuesday March 07 2017, @07:12PM
The last hackerspace I checked out actually sold a small selection of electronic components, RPis, 3D printing filaments, and some other cool shit. Like RadioShack but without the cell phones.