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RadioShack

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5 Feb, 2015

Files bankruptcy

Bankruptcy0 Comments

RadioShack files for Chapter 11 bankruptcy protection after Sprint and shareholder Standard General LP agree to buy 1,500 to 2,400 of its stores. RadioShack plans to operate normally through the bankruptcy process. Joe Magnacca, RadioShack’s chief executive:

These steps are the culmination of a thorough process intended to drive maximum value for our stakeholders.

25 Mar, 2015

Auctioning 117m customers data

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As part of its bankruptcy sale, Radio Shack is auctioning off information on 117 million customers, including names, addresses, phone numbers, and other details on purchases. Texas’s attorney general has filed an objection to the sale.

People are looking at Radio Shack now and they are gonna vilify Radio Shack. But at the end of the day, Radio Shack isn’t doing anything all other major corporations haven’t been doing for many years.