Kalispell store on RadioShack closure list
The Associated Press | Hagadone News Network | UPDATED 10 years, 6 months AGO
Four RadioShack locations in Montana, including the Kalispell store, are included on the company’s list of nearly 1,800 stores it expects to close by the end of March as the electronics retailer seeks bankruptcy reorganization.
Other stores on the list are in Butte, Helena and Missoula.
The stores in Butte, Helena and Missoula are among a group slated to close by the end of February,
Kalispell’s store is in the third wave of closures that end on March 31.
RadioShack filed for bankruptcy protection on Feb. 5.
RadioShack, which was founded nearly a century ago, said in its Chapter 11 filing that it plans to sell 1,500 to 2,400 stores to its largest shareholder, investment firm Standard General.
It is seeking to close the remainder of its 4,000 U.S. stores.
Part of RadioShack’s plan is for Sprint, the No. 3 U.S. wireless carrier, to open mini-shops in as many as 1,750 of RadioShack’s stores.
Sprint has a deal with Standard General to open its mini-shops in stores Standard General is buying.
RadioShack, which has not turned a profit since 2011, employs about 27,500 people worldwide, according to its last annual report filed with the U.S. Securities and Exchange Commission.
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