February 3, 2015

More Change On 24th St: RadioShack To Close?


This tidbit from Bloomberg yesterday:
RadioShack Corp. is preparing to shut down the almost-century-old retail chain in a bankruptcy deal that would sell about half its store leases to Sprint Corp. and close the rest, according to people with knowledge of the discussions.
Check out the video, it's pretty harsh: "Honestly I'm still surprised that this store still exists." The plans for bankruptcy are so far off the record, and the article speculates the chain could be bought and saved or that it could be the end of the RadioShack name. Today Bloomberg reported another twist:
Amazon.com Inc., aiming to bolster its brick-and-mortar operations, has discussed acquiring some RadioShack Corp. locations after the electronics chain files for bankruptcy, two people with knowledge of the matter said.
Whatever happens, it looks like the RadioShack on 24th St is closing.

[Photo: Google]

12 comments:

nails doverspike said...

There are also rumors that Sprint will take over some of Radio Shack's locations......Noe Valley?

Todd David said...

I heard Woolworth's was moving in.

Nails said...

Before Radio Shack it was a five and dime

Anonymous said...

The Radio Shack on West Portal has already closed.

Anonymous said...

Oh, pretty please, not a Sprint store.

Anonymous said...

I always thought this would be a great space for a Title Company or Nail Salon...we could do with more of those. Maybe a divorcee's vanity project..?

24th Street shopping - what a joke. You people need to get over yourselves, and out more.

Anonymous said...

Our radio shack isn't on the list for immediately closing.

Anonymous said...

I was told that the 24th street store is one of the few locations that are NOT closing. Please confirm with mgmt there.

nails said...

i like the google ad below this thread----"Our next big Bankruptcy" way to monetize guys...

nails--again said...

i dunno, but 24th Street is on this list. https://www.google.com/maps/search/radio+shack+san+francisco+closed+locations/@37.7749295,-122.4194155,14z/data=!3m1!4b1

Anonymous said...

http://qz.com/340292/here-are-all-the-stores-radioshack-is-closing/

Anonymous said...

That RadioShack in the picture is the wrong one, I'm pretty sure. RadioShack just spent a lot of money to rebuild the one in Noe Valley and it's not on the list of stores to close (see the Quartz link above).