Support NeoGAF

[LyleLanley]

BREAKING: Electronics chain RadioShack files for Chapter 11 bankruptcy, will sell up to 2,400 stores.

I guess this was inevitable.

 

[Big Chungus]

Didn't this happen 10 years ago?

or was that just in Canada?

 

[Barzul]

So are they going to have like those going out of business sales you hear about?

 

[PerezDeCorcho]

 

[LycanXIII]

My best friend's douchebag boyfriend works at one. Oops.

 

[LyleLanley]

So are going to have like those going out of business sales you hear about?

Was it Circuit City that had one of these but the deals were awful?

 

[The Technomancer]

They owe my company like 200k. Guess we're not seeing that back

 

[terrisus]

Didn't we have this thread last week?

EDIT: Well, slightly different, but same general idea


So, in before 3 more pages of "I didn't know they were still in business"/"How did they stay in business"/"lol I just Amazon/NewEgg/etc."/"lol Rental Shack"/etc.

 

[ActStriker]

Was it Circuit City that had one of these but the deals were awful?

Yeah, I think so.

 

[Escape Goat]

Homer: We'll search out every place a sick twisted solitary misfit might run to.
Lisa: I'll start with Radio Shack.

 

[PAULINK]

breaking news? lol

 

[888]

Not surprised. They never have anything you need besides cell phones and accessories anymore. Oh and cheap RC cars.

 

[Septimus Prime]

Was it Circuit City that had one of these but the deals were awful?

CompUSA had one of these when they went down. I bought a UPS that turned out to be broken.

 

[sethbot]

Didn't we have this thread last week?

EDIT: Well, slightly different, but same general idea

I believe that thread was a rumor regarding Sprint buying out remaining Radioshack stores, while this is the actual Chapter 11 filing.

 

[esms]

Was it Circuit City that had one of these but the deals were awful?

Damn, CC is a throwback.

 

[Joe Shlabotnik]

But I just bought a Tandy computer with Battle Chess!

 

[Lee Chaolan]

These all seem to be phasing out. Can't even remember the last thing I bought from one.

 

[Patryn]

I thought they were selling half their stores to Sprint and closing the rest?

 

[Kaladin]

I can't even remember the last time I walked into one and said all their prices were too high to buy anything.

 

[Dicer]

A damn shame, as a tinkerer they are always good for the random part/adapter...now I'm gonna have to go online when I need one...blah

 

[Jarmel]

I thought they were selling half their stores to Sprint and closing the rest?

International locations?

 

[Darksol]

Now who is going to sponsor king of the nerds?

 

[OrlanisWorks]

Their lenders must be pissed.

All the mall stores are being sold off, looks like.

 

[Branduil]

Good riddance.

 

[No Love]

Good night, sweet prince.

 

[Unknown Soldier]

The writing has been on the wall for decades, I'm surprised they outlasted the likes of CompUSA and Circuit City.

I wonder how much more life Best Buy has in it.

 

[NealMcCauley]

Was it Circuit City that had one of these but the deals were awful?

Kinda, the deals were awful at first (I think they raised everything to msrp and then discounted) but as CC got closer to the closing discounts got better. However, by then the stores had pretty much been picked clean.

 

[breakfuss]

We all knew this was coming. Impressive they lasted this long. I don't know a single person who shops there and whenever I pass by it's deserted as fuck lol. A relic of the past. I feel for the people who may lose jobs though.

 

[LyleLanley]

Kinda, the deals were awful at first (I think they raised everything to msrp and then discounted) but as CC got closer to the closing discounts got better. However, by then the stores had pretty much been picked clean.

I vaguely remember walking into one hoping I'd get a great deal on a TV or something only to find out that the prices were still garbage compared to Amazon.

 

[Timedog]

HOW DID IT TAKE THIS LONG

 

[Damaniel]

I thought they were selling half their stores to Sprint and closing the rest?

I'm assuming that the bankruptcy is part of the process of becoming acquired (perhaps to get some of their debt off the table). Odd they'd choose Chapter 11 though - if they were really hoping for Sprint to scoop up their festering carcass, I'd assume they'd choose to file under Chapter 7.

EDIT: Upon thinking about it, Chapter 11 makes more sense. If they filed Chapter 7, they'd be divvied up among their creditors, not Sprint. Chapter 11 allows them more flexibility in choosing a suitor for acquisition.

 

[maliedoo]

Kind of surprised it took this long.

 

[acksman]

Amazon has the thrist for those Radio Shack stores

http://time.com/3694602/amazon-radioshack/

 

[Ovid]

I'm assuming that the bankruptcy is part of the process of becoming acquired (perhaps to get some of their debt off the table). Odd they'd choose Chapter 11 though - if they were really hoping for Sprint to scoop up their festering carcass, I'd assume they'd choose to file under Chapter 7.

EDIT: Upon thinking about it, Chapter 11 makes more sense. If they filed Chapter 7, they'd be divvied up among their creditors, not Sprint. Chapter 11 allows them more flexibility in choosing a suitor for acquisition.

Chapter 7 takes years to complete plus you'd have to sell all of your assets to pay off your outstanding debt.

There's no coming back from Chapter 7.

 

[Azulsky]

I really wish there was an alternative. Where else in the world can you get a resistor any day of the week?

 

[dsp]

That's a damn shame.

 

[Valnen]

I really wish there was an alternative. Where else in the world can you get a resistor any day of the week?

Yeah, really sucks to see online shopping killing off these businesses. I hope Fry's electronics sticks around a lot longer.

 

[cafemomo]

he will never see a radio shack ;_;

 

[BJK]

...and the nation's metal detector owners wept.

 

[GameGuru59]

The stores could also serve as a place for customers allergic to packaging to return products to Amazon, without having to package and address boxes themselves.

Yes please. I could see them functioning sort of like a UPS store.

 

[kess]

Yeah, really sucks to see online shopping killing off these businesses. I hope Fry's electronics sticks around a lot longer.

It wasn't online as much as charging past the amount the market could bear for the sake of, I dunno, crappy adverts and paying their CEO $6 million after the company lost half it's value. Resistors are cheap.

 

[Alex Anderson]

One of my all-time favorite Onion articles is no longer relevant

http://www.theonion.com/articles/even-ceo-cant-figure-out-how-radioshack-still-in-b,2190/

This was my very first thought upon hearing the news

 

[industrian]

Surely they deserve a medal for keeping Radioshack alive for this long.

One of my all-time favorite Onion articles is no longer relevant

http://www.theonion.com/articles/even-ceo-cant-figure-out-how-radioshack-still-in-b,2190/

Yup.