Radio Shack

Apr 22nd, 2015
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POR Terms for RadioShack in Chapter 11 On the onset of continued losses since 2011, the company has decided to file for bankruptcy in Chapter 11. The company has planned on re-organizing itself through a series of reorganization measures. First, the company plans on selling most of its stores to the largest shareholders. That is, it plans on selling 1,500 to 2, 400 of its stores to one of its largest shareholders, Standard General Investment firm. Secondly, it intends on closing over 4,000 stores located in the other parts of the United States. Consequently, Wireless carrier Sprint Corp intends to open mini-shops from the stores that General Stores plans to buy from Radio Shack. Sprint Corps will use around 1,750 stores as mini-shops. By this, Sprint Corp will take up about one-third retail space of every RadioShack's store under which its employees will sell mobile phones, accessories, and sprint plans. As a result, Sprint Corps would be the primary brand on RadioShack's marketing mater

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RadioShack(Authors Name)(Institutional Affiliation)POR Terms for RadioShack in Chapter 11On the onset of continued losses since 2011, the company has decided to file for bankruptcy in Chapter 11. The company has planned on re-organizing itself through a series of reorganization measures. First, the company plans on selling most of its stores to the largest shareholders. That is, it plans on selling 1,500 to 2, 400 of its stores to one of its largest shareholders, Standard General Investment firm. Secondly, it intends on closing over 4,000 stores located in the other parts of the United States. Consequently, Wireless carrier Sprint Corp intends to open mini-shops from the stores that General Stores plans to buy from Radio Shack. Sprint Corps will use around 1,750 stores as mini-shops. By this, Sprint Corp will take up about one-third retail space of every RadioShack's store under which its employees will sell mobile phones, accessories, and sprint plans. As a result, Sprint Corps would be the primary brand on RadioShack's marketing materials and storefronts. However, the transaction is yet to be approved but it is a matter of months. Notably, during this perio

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