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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 KiloByte on Tuesday March 07 2017, @06:05PM (1 child)
If you want a random HDMI-to-DVI connector, a 2 molexes-to-6-pin-PCIe-power cable or anything of this kind, the choice between a 10 minute walk to a shop vs getting it in three days is pretty obvious to me.
Ceterum censeo systemd esse delendam.
(Score: 2) by VLM on Tuesday March 07 2017, @07:37PM
Either I have one in my own junk bin or a coworker has one in theirs and if its too obscure to be in our aggregate junk bin then the local store, which is quite a bit smaller in volume than our combined basements, would have to order online anyway. And with amazon prime its two day not three, and when my kids were toddlers I wasn't going to strap them up in strollers to take the 10 minute walk (which is 10 each way, plus shopping and waiting in line, its really an investment of a half hour minimum) then they kids got older and with school stuff and sports and scouts I somehow have even less free time...