According to several internal sources, RadioShack is planning to sell half of its stores to Sprint Corp. and to shut down the other half, although Amazon is reportedly also interested in several RadioShack stores.
Sprint deal not confirmed yet
American electronics chain RadioShack has been balancing on the edge for quite a while and it became apparent in recent weeks that it can no longer be saved. On Monday, its share was even taken off of the New York Stock Exchange.
Competitor Sprint is willing to buy half of RadioShack's store network, changing its name in the process, which would mean that RadioShack would disappear. However, the deal has not yet been sealed and another buyer may pop up, one who is willing to keep the RadioShack name.
Amazon wants to enter physical retail
ECommerce giant Amazon is apparently also interested in a number of RadioShack stores, but is waiting for the company to file for bankruptcy. Once acquired, Amazon would create showrooms and pick-up locations for its customers at several former RadioShack locations. The e-tailer has already experimented with pop-up stores in the past, but this would become a significant step towards becoming a physical retailer.
RadioShack currently has more than 4,000 stores in the United States, while Sprint is apparently interested in 1,300 - 2,000 stores. No one at RadioShack was willing to comment on the rumours.