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posted by Fnord666 on Tuesday March 07 2017, @04:04PM   Printer-friendly
from the so-it's-insolderancy? dept.

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?


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  • (Score: 2) by HiThere on Tuesday March 07 2017, @07:30PM (1 child)

    by HiThere (866) Subscriber Badge on Tuesday March 07 2017, @07:30PM (#476143) Journal

    RadioShack died last year. Sprint only saved the name, and some of the store sites. The kept neither the same business, the same merchandise, nor the same staff.

    The local "RadioShack" became totally worthless within a week of the chain being bought. I went in there once, and asked the manager two questions:
    1) Will the merchandise stay the same?
    2) Will you carry usb hard disks?

    Further questioning showed that he lied in answer to both questions. When I asked him when the replacement usb disks would be in, he revealed that he wasn't going to order them.

    Currently this "RadioShack" is offering 70% off on all merchandise. (Probably really "up to 70% off", but I haven't looked.) However since they don't carry anything I want I'm still not interested. (Actually, that's an assumption, since I haven't looked over their stock this year.)

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  • (Score: 2, Insightful) by WillR on Tuesday March 07 2017, @09:30PM

    by WillR (2012) on Tuesday March 07 2017, @09:30PM (#476178)
    Even if they did order more USB hard disks, they would probably be $299 for a 1TB model. Radio Shack was where you went when you needed a null modem cable RIGHT NOW and didn't care if it cost 10x as much as ordering from the catalog places. There's just no need for a store like that in an era of same day Amazon delivery.