Amazon interested in physical RadioShack stores

Amazon interested in physical RadioShack stores

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.

Questions or comments? Please feel free to contact the editors


Twelve-year sentence for Samsung's vice-president?

07/08/2017

Prosecutors in the Samsung corruption case have demanded a 12-year sentence for its former vice-president and de facto CEO of the South Korean company at the time, Jay Y. Lee, who has been charged with bribery and embezzlement.

Apple sales drop smaller than expected

02/08/2017

Apple has sold more iPhones in the third quarter of its fiscal year than it did last year, which was a surprisingly more positive feat than analysts had expected. Compared to the second quarter, there was further decline though.

Ceconomy (Media Markt) acquires quarter of Fnac Darty

26/07/2017

Ceconomy, Metro Group’s former consumer electronics division containing Media Markt and Saturn, acquired 24.3 % of Fnac Darty’s shares from the Pinault family.

 Blokker adds household appliance specialist AO.nl to Nextail

21/07/2017

Blokker Holding’s online organization, Nextail, will enter a strategic collaboration with online household appliance specialist AO.nl’s Dutch division.

Duo will lead Fnac Darty

17/07/2017

The Fnac Darty group is preparing for life after Alexandre Bompard, since its current CEO will start working for Carrefour tomorrow. He may actually be succeeded by a duo.

Samsung's new flagship yields record profit

07/07/2017

Korean technology company Samsung published record results for its past quarter thanks to its successful Galaxy S8 launch. The flagship product and an increased chip demand helped the company soar.

Back to top