Bankruptcy looming for RadioShack, Sprint may purchase stores
RadioShack is nearly one hundred years old, but that does not mean it is guaranteed to hit the milestone. The last few years have been especially difficult for the electronics retailer and now it seems that a bankruptcy filing is on the way. To combat bankruptcy and gain some cash, RadioShack is working to sell some of its stores to Sprint. The carrier, who has also had its fair share of troubles recently, would be able to expand with the takeover of many leases belonging to RadioShack. Sprint has been very open about expanding through retail stores; therefore, it is not shocking to hear of interest in RadioShack locations.
Source: Bloomberg
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