Aaron Gibson at
RadioShack's Successor Preparing to File for Bankruptcy, Sources Say
General Wireless Operations, the RadioShack successor created by a partnership between Sprint Corp. and the defunct retailer’s owners, is preparing to file for bankruptcy, according to people familiar with the matter.
Stephen Michael Kellat, Stephen Michael Kellat shared this.
Is that your photo or Bloomberg's? If that's an actual location, they've got some drastic merchandising problems. Besides, Cingular has been a dead brand name for almost a decade.
The wireless phone game killed the successor just like it killed the first one. Getting out of wireless would've been the smartest play even if it meant losing some of the market out there.
And since Aaron noted that that is Bloomberg's, I'll say that the picture dates to 2007 at the latest. That's that old of a RadioShack picture. Current stores, if you can find them, don't look like that.
Profit-wise mobile wireless initially drove the balance sheet hard. Through contraction in the market of of margins as well as simple saturation, it killed the company that depended upon it. The parts and batteries were reliable profit makers but not nearly as large as mobile wireless.
Hopefully the next people to get the name partner with DigiKey and/or Mouser along the Raspberry Pi Foundation to do something electronics-based again.
Stephen Michael Kellat at 2017-03-05T22:43:40Z
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