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Future Predictions
Radio Shack again
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<blockquote data-quote="HDRKID" data-source="post: 151828" data-attributes="member: 43"><p>I was talking to a radio shack manager. He says radio shack will not survive. Basically, they will liquidate all the inventory that remains.</p><p></p><p></p><p><a href="https://www.bloomberg.com/news/articles/2017-03-03/radioshack-s-successor-said-to-be-preparing-bankruptcy-filing" target="_blank">RadioShack's Successor Preparing to File for Bankruptcy, Sources Say</a></p><p></p><p><a href="https://consumerist.com/2017/03/03/company-born-from-radioshacks-ashes-may-file-for-bankruptcy/" target="_blank">https://consumerist.com/2017/03/03/company-born-from-radioshacks-ashes-may-file-for-bankruptcy/</a></p><p></p><p></p><p></p><p>TAKEN FROM <a href="http://www.twice.com/news/retail/radioshack-may-be-down-count/64461" target="_blank">RadioShack May Be Down For The Count</a></p><p></p><p><em>RadioShack is reportedly going bankrupt, again.</em></p><p><em>This could be the last call for RadioShack.</em></p><p><em>General Wireless Operations, the company that runs the approximately 1,500 remaining RadioShack stores, is reportedly about to file for bankruptcy protection.</em></p><p><em>But unnamed sources cited by Bloomberg said the bankruptcy will likely lead to liquidation rather than another stab at reorganizing.</em></p><p><em>If so, the endgame comes two years after hedge fund Standard General paid $187 million in a series of bankruptcy auctions for the RadioShack brand and the 1,740 stores left standing after the public version went bust.</em></p><p><em>As part of the prepackaged Chapter 11 plan, Standard General's operating entity for RadioShack, General Wireless, leased space in 1,440 of the locations to Sprint in a co-branding agreement.</em></p><p><em>But according to vendors, suppliers, former franchisees and rep groups in contact with TWICE, Sprint backed out of the deal in late January citing a breach of covenants, effectively cutting off the retailer’s cash flow.</em></p><p><em></em></p><p><em>[MEDIA=youtube]TVtG7KUKX40[/MEDIA]</em></p></blockquote><p></p>
[QUOTE="HDRKID, post: 151828, member: 43"] I was talking to a radio shack manager. He says radio shack will not survive. Basically, they will liquidate all the inventory that remains. [URL="https://www.bloomberg.com/news/articles/2017-03-03/radioshack-s-successor-said-to-be-preparing-bankruptcy-filing"]RadioShack's Successor Preparing to File for Bankruptcy, Sources Say[/URL] [URL]https://consumerist.com/2017/03/03/company-born-from-radioshacks-ashes-may-file-for-bankruptcy/[/URL] TAKEN FROM [URL="http://www.twice.com/news/retail/radioshack-may-be-down-count/64461"]RadioShack May Be Down For The Count[/URL] [I]RadioShack is reportedly going bankrupt, again. This could be the last call for RadioShack. General Wireless Operations, the company that runs the approximately 1,500 remaining RadioShack stores, is reportedly about to file for bankruptcy protection. But unnamed sources cited by Bloomberg said the bankruptcy will likely lead to liquidation rather than another stab at reorganizing. If so, the endgame comes two years after hedge fund Standard General paid $187 million in a series of bankruptcy auctions for the RadioShack brand and the 1,740 stores left standing after the public version went bust. As part of the prepackaged Chapter 11 plan, Standard General's operating entity for RadioShack, General Wireless, leased space in 1,440 of the locations to Sprint in a co-branding agreement. But according to vendors, suppliers, former franchisees and rep groups in contact with TWICE, Sprint backed out of the deal in late January citing a breach of covenants, effectively cutting off the retailer’s cash flow. [MEDIA=youtube]TVtG7KUKX40[/MEDIA][/I] [/QUOTE]
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Radio Shack again
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