Tag Archives: Stores

RadioShack files for bankruptcy protection, to sell stores

advertisement | advertise on newsday This Tuesday, Feb. 3, 2015 file photo shows a RadioShack store in Dallas. (Credit: AP) A diminished RadioShack will live on, but its future may lie with Sprint. Struggling consumer electronics chain RadioShack, founded nearly a century ago, filed for Chapter 11 bankruptcy protection late Thursday. It plans to sell 1,500 to 2,400 stores to ...

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RadioShack Files for Bankruptcy, to Sell 2,400 Stores

Filed under: Bankruptcy, Company News, Retail, Consumer Electronics, Stores By Nick Brown Electronics retailer RadioShack (RSH) filed for U.S. bankruptcy protection Thursday and said it had a deal in place to sell as many as 2,400 stores to an affiliate of hedge fund Standard General, its lender and largest shareholder. Wireless company Sprint (S) would operate as many as 1,750 ...

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RadioShack has filed for bankruptcy, will now share its stores with Sprint

RadioShack has officially filed for Chapter 11 bankruptcy, signaling the darkest chapter yet for one of America’s most storied specialty electronics chains. As part of the filing, RadioShack says it will sell off up to 2,400 of its US stores. Most other underperforming locations will close for good, but RadioShack’s brand will live on through a store-in-a-store agreement with Sprint ...

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Sears Closing 100 Stores, Laying Off Over 5,000 Workers

Filed under: Company News, Retail, Layoffs, Consumer Issues, Stores Alamy By Sruthi Ramakrishnan Struggling retailer Sears Holdings (SHLD) will lay off at least 5,457 employees and close over 100 stores, many before Christmas, according to a Seeking Alpha report citing liquidation notices and employees. Sears shares rose 4.6 percent to $ 36 in premarket trading. At least 46 Kmart stores, ...

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Despite Turnaround, J.C. Penney Seen Closing More Stores

Filed under: JC Penney, Retail, Stocks, Stores, Investing Spencer Platt/Getty Images By Krystina Gustafson | @KrystinaGustafs Things have certainly been looking up at J.C. Penney (JCP) over the past few months. After about two years of declining same-store sales, the department store finally gained traction in its turnaround by reversing this metric and posting positive comparable-store sales for three-straight quarters. ...

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Money Minute: Stores Open Early for Black Friday, Online Shopping Increases

Filed under: Market News, Stocks Walmart (WMT), Best Buy (BBY), Macy’s (M), J.C. Penney (JCP) and other big chains kicked off their Black Friday sales earlier than ever. And while shoppers lined up last night and early this morning, there are signs that more and more people are doing their gift buying from the comfort of home. A report from ...

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