No Valley stores are on RadioShack closings list
- Author: Leroy Wright Mar 21, 2017,
Mar 21, 2017, 5:12
All remaining RadioShack stores in the midstate appear to be safe, at least for now, as they are not among the 552 stores that the struggling electronics retailer is planning to close as part of its latest bankruptcy restructuring.
RadioShack stores at Broadway Shopping Center and 116 Green Road in Knoxville are among 185 the company will close.
Parent company General Wireless, which filed for Chapter 11 protection March 8 in U.S. Bankruptcy court in DE, disclosed its latest plan for closures late last week in court papers. Most of those stores are in the Pittsburgh and Philadelphia areas.
There are 42 Texas locations on the list, but none of those stores are in the Rio Grande Valley.
RadioShack is owned by General Wireless Operations Inc.in a partnership with Sprint. The companies teamed up during the last RadioShack bankruptcy in 2015.
RadioShack's website on Monday reported that inventory clearance sales were underway at the two locations ahead of the store closures.
To bridge that gap, the retailer partnered with Sprint two years ago and placed small phone stores inside RadioShack electronics stores.
RadioShack operated about 45 stores in IN before its 2015 bankruptcy, including about 25 in central Indiana.