None of the numerous store closures this year have been quite as tumultuous as RadioShack's. Now, after a failed turnaround attempt and two bankruptcies, the chain is officially closing completely. Its last act is what any 20-year old sophomore might do to save up for a Coachella ticket — selling off old junk.
Bankruptcies and Failures Since 2015
The former reader-favorite electronics giant initially filed for bankruptcy in 2015 after failing to turn a profit for its third year in a row. That move saw 2,400 stores close.
Although it seemed like the brand could be saved by General Wireless (a joint venture between Sprint and Standard General) when it took charge of the remaining 1,518 stores, a new agreement in March of this year saw RadioShack file for bankruptcy for a second time. As it stands, hundreds of its outlets will officially close and be replaced by Sprint stores.
Now Selling Everything (Including the Clipboards)
In what might be the biggest and saddest garage sale the nation has ever seen, RadioShack's social media gurus have divvied up its leftovers and are selling its wares online. Everything from the stores' shelving units to its used printers (and presumably the kitchen sinks) are available at "negotiable prices" — that is, if you can stand to kick a bankrupt dog while it's well and truly down.
The store is even selling off printer paper packs and some highly-coveted, pre-owned clipboards for as little as $2. (Unfortunately, no one told them that you can buy two of the same models, but brand new, for slightly less than that price at Walmart.)
Readers, what do you think of RadioShack's last ditch attempt to bring in sales? Will you be sad to see the electronics superstore finally close its doors? Let us know in the comments below.