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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, @10:22PM
how could there possibly be?
I'm convinced that molds are expensive, printing is cheap, and what happens in one field happens in others.
So you know how the Chinese make one physical power supply on one physical assembly line of say 900 watt peak 500 watt designed level, and let USA marketing decide to slap a 600 watt, 700 watt, 800 watt, or 1000 watt sticker on the same hardware?
Its the same with shoes. So a $200 Thorogood from Wisconsin with a label of 10.5 EEE came from an expensive and well maintained / oft replaced plastic mold of exactly 10.5 EEE size. However the walmart shoe has cheap printed labels for all sizes from 9 narrow to 10.5 extra super wide, although they only invest in precisely one expensive mold thats like 10 somewhat wide, and then they sew in all manner of labels to fit market demand everything from 9 narrow to 10.5 double-wide or whatever.
Or slightly less corrupt, where as Thorogood makes everything perfectly custom, the walmart shoe has the same plastic for every size 8 to 12, they just sew marginally differently shaped uppers on. So size 12 is fat chick on a bar stool with size 12 uppers on a size 10 lower, and size 8 is the inverse with size 8 uppers roughly centered (very roughly, probably) on top of a size 10 lower.