retail news in context, analysis with attitude

The Chicago Tribune reports that "struggling consumer electronics chain RadioShack, founded nearly a century ago, filed for Chapter 11 bankruptcy protection late Thursday. It plans to sell 1,500 to 2,400 stores to its largest shareholder, investment firm Standard General, and has filed a motion to proceed with closing the remainder of its 4,000 U.S. stores."

The story goes on to say that "wireless carrier Sprint Corp. has a deal with Standard General to open mini-shops in as many as 1,750 of the RadioShack stores Standard General is buying. Sprint would take up about one-third of the retail space in each RadioShack store, and Sprint employees would sell mobile devices and Sprint plans. And Sprint would be the primary brand on those RadioShack storefronts and marketing materials."
KC's View:
There had been some speculation that Amazon was in discussions with RadioShack to acquire some stores that it could convert to showrooms and pick-up depots, but that part of the deal has not come to fruition. Yet.