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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 VLM on Tuesday March 07 2017, @07:41PM (1 child)
So, I just routinely order a new pair of one of the two New Balance sneakers every six months.
Hmm I bought "New Balance Men's MX623v2 Cross-Training Shoe" faster and faster as quality declined until I couldn't tolerate getting less than six months from shoes.
Before they went really Chinese you could get two, three years out of a pair. Of course when they went Chinese the price didn't drop a penny.
Thorogood shoes/boots might cost $200 but at least they last for years and are made in Wisconsin.
(Score: 2) by Celestial on Tuesday March 07 2017, @07:46PM
Yeah, the quality of New Balance shoes are not nearly as good as they once were. I used to replace mine every year or so, but the past several years have had to do so more frequently. Now it's about six or seven months of use before they start looking shoddy and I need to replace them. Unfortunately, as I've explained, the two New Balance shoe models are the only options I've ever been able to find in my size.