Posted Tue Feb 3, 2015 at 08:00 PM PST by Steven Cohen
The electronics retailer is considering selling its store locations as it heads toward bankruptcy.
According to a report from Bloomberg, RadioShack is in talks with several bidders about acquiring their retail locations once the chain files for bankruptcy. Potential buyers include Amazon, Sprint, and the investment group that owns Brookstone.
If the deals go through, it will likely mean the end of all RadioShack retail locations, with the current crop of around 4,000 brick-and-mortar stores set to be either re-branded or closed down. Sprint is discussing the purchase of about 1,300 to 2,000 of the locations. Likewise, Amazon is also now rumored to be interested in acquiring some of the stores as well. The online retail giant has previously experimented with kiosks and pop-up stores, and the company could use the locations to promote its Fire TV media player, Fire HDX tablets, Fire Phone, and Kindle e-reader, as well as offer online customers a physical pickup and drop-off center.
Negotiations are still ongoing, however, and it is possible that another bidder could come in to keep RadioShack in business.
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