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RadioShack closing 552 stores

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All remaining RadioShack stores in the midstate appear to be safe, at least for now, as they are not among the 552 stores that the struggling electronics retailer is planning to close as part of its latest bankruptcy restructuring.

The chain, which filed for bankruptcy protection two years ago, has struggled to regain its financial footing in the consumer electronics industry. RadioShack's parent company, General Wireless Operations Inc., filed earlier this month under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.

The company said that it would liquidate 187 stores between March 13 and March 28. Those stores were deemed the ones with the "lowest sales velocity and highest rent."

An additional 365 stores were put on a secondary list and will close by April 4.

Of the 552 stores closing, 17 are in Pennsylvania. Most of those stores are in the Pittsburgh and Philadelphia areas. Business Insider published the full list of closings.

There are nine stores in Central Pennsylvania that were not listed among the stores closing. There are about 1,000 RadioShack stores left nationwide.

Many RadioShack stores house a Sprint store as General Wireless is a joint venture of hedge fund Standard General and Sprint. The companies teamed up during the last RadioShack bankruptcy in 2015.

At the time of the most recent bankruptcy filing, Sprint announced that it would convert "several hundred" RadioShack stores into corporate-owned Sprint stores, so many locations will live on.

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Jason Scott

Jason Scott

Jason Scott covers state government, real estate and construction, media and marketing, and Dauphin County. Have a tip or question for him? Email him at jasons@cpbj.com. Follow him on Twitter, @JScottJournal. Circle Jason Scott on .

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P... March 20, 2017 2:08 pm

This is what happens when you hire Dean Rogers. They guy was a totally lost a Sears Canada and was canned at Target in Australia. The mistake General Wireless made was hiring him. At Sears Canada he had no idea what he was doing. He came into a profitable company and left it a mess with losses. Anyone with brains he hired quit right away. He ended up promoting real characters to senior positions. I remember once a female VP was hiding behind a filing cabinet because one of Dene's "boys" was looking for her. She said he sends the guy to do his dirty work. Big mistake by General Wireless.

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