Midnight In The Desert — bankruptcy

Speculation: RadioShack probably files for bankruptcy in February

Posted by K R on

Speculation: RadioShack probably files for bankruptcy in February

It's a move many have predicted for some time: RadioShack is probably going to file for bankruptcy protection. According to a Wall Street Journal report citing unnamed sources, the cash-poor retailer could submit its filing as soon as February 2015. A RadioShack spokesperson e-mailed Ars to say, "We decline to comment except to say that RadioShack has not confirmed any of the information that is being reported." The Texas-based firm did not deny the Journal’s report, however. Bankruptcy protection wouldn't necessarily mean that RadioShack intends to go out of business. Rather, it would mean RadioShack would be given a certain...

Read more →

A Looming Sad Farewell to RadioShack

Posted by K R on

A Looming Sad Farewell to RadioShack

Several generations of home electronics hobbyists, ham radio enthusiasts and computer nerds spent their growth-spurt years haunting their local RadioShack stores. They can't be happy about the company's long slide toward irrelevance and its looming disappearance as a feature of the retail landscape. The chain joined the quixotic rush by American retailers to open on Thanksgiving Day, but was one of the very few outside the grocery business to be open as early as 8 a.m. A surer sign of management desperation is hard to conceive--or of management cluelessness, for that matter. The Fort Worth firm's CEO, Joe Magnacca, characterized...

Read more →