Post Profile

Blame Radioshack’s death on Sprint, lawsuit claims

When Radioshack announced earlier this year that it was entering bankrupcy for the second time, we all assumed that it was simply because Amazon had made it irrelevant. But according to a new lawsuit filed by Radioshack's creditors, Sprint might be to blame for the 'shack's ultimate demise. When Radioshack emerged from its first round of bankrupcy in 2015, it struck a deal with Sprint to co-brand some Radioshack stores as Sprint locations.
read more


Related Posts

Creditors say RadioShack timed Ch. 11 for hedge fund trade: filing

Business & Finance : Business Insider: Money Game

By Tom Hals (Reuters) - Unsecured creditors of RadioShack Corp said the electronics retailer timed its bankruptcy to benefit a hedge fund trading strategy even though it cost the company millions of dollars in added losses, accordin...

RadioShack May Gain Second Life Thanks to Shareholders

Technology / Mobile : Phone Scoop

A major RadioShack shareholder plans to invest more cash in the business in order to improve its liquidity. RadioShack is facing a cash crisis. As of last month it had just $30.5 million in the cash and owed creditors $658 million. ...

Judge Approves Sale of RadioShack Stores

Technology / Mobile : Phone Scoop

A U.S. judge has given RadioShack permission to sell its 1,740 stores to Standard General, a hedge fund that plans to operate the stores with Sprint. One of RadioShack's creditors, Sulas Capital Partners, had opposed the sale. Radio...

Sprint May Scoop Up Half of RadioShack's Stores

Technology / Mobile : Phone Scoop

RadioShack and its creditors might sell half the company's stores to Sprint and close the remaining locations, reports Bloomberg. Sources familiar with the companies' plans suggest Sprint would rebrand the RadioShack stores, which w...

Sprint Finds Another Retail Buddy To Open 500 More Stores

Lifestyle / Shopping : The Consumerist

A year ago, RadioShack filed for bankruptcy protection, and a little less than half of their retail stores were sold to a major creditor. That creditor in turn teamed up with Sprint to re-open the Shacks with mini-Sprint stores insi...


Copyright © 2016 Regator, LLC