RadioShack suddenly closed more than 1,000 stores — and now only a handful remain
http://www.businessinsider.com/radioshack-just-closed-1000-stores-2017-5
As the US continues its race to the bottom, with more and more retail real estate becoming vacant and unable to be rented back out again; the growing homeless population(s) will move into these locations for shelter from the elements. A country in decline -- as this one is in now -- can be transformed outwardly in a matter of one or two generations, into slums of human misery and despair, where drugs, alcohol, prostitution, crime, and depravity are rampant. "No matter what the lying politicians say, They cannot fix the problems They claim They can by raising taxes, and throwing more government interference at them. " Government is the source of the problem, not the cure, consequently, as long as the people of this country continue to look to It to solve Their problems, then the conditions They find themselves in will continue to deteriorate into abject poverty and personal ruination for us all.
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RadioShack closed more than 1,000 stores over the weekend, leaving the chain with just 70 company-owned stores left in operation.
The 96-year-old electronics retailer shut down most of its stores just two months after filing for Chapter 11 bankruptcy protection.
At the time of the filing, RadioShack parent company General Wireless Operations said the chain would close 200 of its 1,500 company-owned stores. A few weeks later, that number grew to 552 closures.
Now, after the weekend's mass closures, just 70 company-owned stores remain in operation, along with 425 stores owned by franchisees.
"We cannot thank you, the RadioShack family, enough for sharing in the journey throughout the years," the company said in a press release last week. "Go say goodbye to the RadioShack in your neighborhood."
At its peak, RadioShack had more than 7,300 locations across the US and boasted that it had a store within 3 miles of 95% of American consumers.
"RadioShack has always been known as the place for answers to the American public's technology and electronics questions. 'You've got questions, we've got answers,'" the company said.
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RadioShack closed more than 1,000 stores over the weekend, leaving the chain with just 70 company-owned stores left in operation.
The 96-year-old electronics retailer shut down most of its stores just two months after filing for Chapter 11 bankruptcy protection.
At the time of the filing, RadioShack parent company General Wireless Operations said the chain would close 200 of its 1,500 company-owned stores. A few weeks later, that number grew to 552 closures.
Now, after the weekend's mass closures, just 70 company-owned stores remain in operation, along with 425 stores owned by franchisees.
"We cannot thank you, the RadioShack family, enough for sharing in the journey throughout the years," the company said in a press release last week. "Go say goodbye to the RadioShack in your neighborhood."
At its peak, RadioShack had more than 7,300 locations across the US and boasted that it had a store within 3 miles of 95% of American consumers.
"RadioShack has always been known as the place for answers to the American public's technology and electronics questions. 'You've got questions, we've got answers,'" the company said.