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RadioShack suddenly closed more than 1,000 stores — and now only a handful remain

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RadioShack closed more than 1,000 stores over the weekend, leaving the chain with just 70 company-owned stores left in operation.

The 96-year-old electronics retailer shut down most of its stores just two months after filing for Chapter 11 bankruptcy protection.

At the time of the filing, RadioShack parent company General Wireless Operations said the chain would close 200 of its 1,500 company-owned stores. A few weeks later, that number grew to 552 closures.

Now, after the weekend’s mass closures, just 70 company-owned stores remain in operation, along with 425 stores owned by franchisees.

“We cannot thank you, the RadioShack family, enough for sharing in the journey throughout the years,” the company said in a press release last week. “Go say goodbye to the RadioShack in your neighborhood.”

At its peak, RadioShack had more than 7,300 locations across the US and boasted that it had a store within 3 miles of 95% of American consumers.

“RadioShack has always been known as the place for answers to the American public’s technology and electronics questions. ‘You’ve got questions, we’ve got answers,'” the company said.

NOW WATCH: Learning to celebrate failure at a young age led to this billionaire’s success

Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.

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Wikimedia Commons

RadioShack closed more than 1,000 stores over the weekend, leaving the chain with just 70 company-owned stores left in operation.

The 96-year-old electronics retailer shut down most of its stores just two months after filing for Chapter 11 bankruptcy protection.

At the time of the filing, RadioShack parent company General Wireless Operations said the chain would close 200 of its 1,500 company-owned stores. A few weeks later, that number grew to 552 closures.

Now, after the weekend’s mass closures, just 70 company-owned stores remain in operation, along with 425 stores owned by franchisees.

At its peak, RadioShack had more than 7,300 locations across the US and boasted that it had a store within 3 miles of 95% of American consumers.

“RadioShack has always been known as the place for answers to the American public’s technology and electronics questions. ‘You’ve got questions, we’ve got answers,'” the company said.

NOW WATCH: Learning to celebrate failure at a young age led to this billionaire’s success

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Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.

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RadioShack suddenly closed more than 1,000 stores — and now only a handful remain

RadioShack suddenly closed more than 1,000 stores — and now only a handful remain

NOW WATCH: Learning to celebrate failure at a young age led to this billionaire’s success

NOW WATCH: Learning to celebrate failure at a young age led to this billionaire’s success

dengan itu Perkara RadioShack suddenly closed more than 1,000 stores — and now only a handful remain

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RadioShack suddenly closed more than 1,000 stores — and now only a handful remain

NOW WATCH: Learning to celebrate failure at a young age led to this billionaire’s success

NOW WATCH: Learning to celebrate failure at a young age led to this billionaire’s success

dengan itu Perkara RadioShack suddenly closed more than 1,000 stores — and now only a handful remain

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