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    Friday 6 February 2015

    RadioShack files for bankruptcy as Sprint agrees to share stores

    Sprint to re-create RadioShack stores under two brands will work with the investor.

    Sprint Electronics China will still have swooped in life to ensure the RadioShack, Thursday filed for Chapter 11 bankruptcy protection.

    RadioShack Thursday filed for Chapter 11 bankruptcy protection.
    RadioShack
    Long struggle between 1,500 and 2,400 retail stores in the United States to sell, General Wireless, investment firm, a unit of Standard General had entered into an agreement with the. 4,000 RadioShack company-owned stores in the country operates.

    Products and services that Sprint Sprint and RadioShack products and items that will be sold to a collection of 1,750 branded stores to create jointly signed an agreement with General Wireless.

    Bankruptcy filing has been operating for almost a century which public property and RadioShack, eliminated. Many of them under its own brand - the company remote control cars, mobile phones and electronic products, including a range of batteries sold. For a time, RadioShack brand a few alternative options were not available to customers, the owners of the company to charge a premium allowed. This online shopping is only the latest victim of the broader changes, such as Circuit City and CompUSA could not survive any big box retailers.

    The company once "hut" rebranding itself over and over again and drone mobile products themselves devoting, tried to change himself several times. But such as Best Buy or online retail giant Amazon can compete against competitors.

    Sprint, however, breathes new life into one of the shops. Deal of the country's third-largest wireless carrier provides additional distribution. Sprint also T-Mobile, No. 4 wireless carrier than 1,100 company-owned stores in the United States, operates.

    "Sprint's deal dramatically from company-owned retail locations to expand its footprint is a great way," Jan Dawson, Jackdaw said an analyst for research. "This deal sprint to the rapid development of a cost-effective, high-speed way."

    "Our goal is to grow the division," Sprint CEO Marcelo Claure early Thursday said in an investor conference call. "We're looking at different opportunities."

    Sprint mobile and Virgin Mobile to further increase its service to its retail location where exclusive rights, as well as allowing it to prepaid options ", a RadioShack store within a store" it's a job will. Sprint stores on storefronts and marketing materials will take both brands with the brand. In the past, several different carriers and services from RadioShack phone stand.

    This means that the bankruptcy proceedings the company to sell its assets to the rest of the conversation, although the possibility remains of nearby stores. Amazon in scooping up some of the shops were reportedly interested.

    RadioShack 25 countries, 1,000 dealer stores, Chapter 11 filings, which are not affected by the actions of the Mexican subsidiary and operated by Asia's stores.
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