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A pair of flashy e-commerce entrepreneurs who bought bankrupt retail giants — including Pier 1 Imports, RadioShack, and Modell’s Sporting Goods — have been accused of running a $112 million ...
RadioShack (formerly written as Radio Shack) is an American electronics retailer that was established in 1921 as a mail-order business focused on amateur radio. Its parent company was purchased by Tandy Corporation in 1962; Tandy ended mail order, shifted to retail by opening small stores staffed by people who knew electronics, greatly reduced the number of items carried, and replaced name ...
The buyers of distressed brick-and-mortar companies like RadioShack and Modell's Sporting Goods, are accused of running a Ponzi scheme.
In 2015, during RadioShack's Chapter 11 bankruptcy, Standard General formed General Wireless (although unrelated, General Wireless was the original name for Metro by T-Mobile), to act as the owner and operator of the RadioShack brand and its assets.
Whether from changing consumer habits, the pandemic, or financial mismanagement, popular stores like RadioShack and Borders have called it quits.
Following its second bankruptcy, RadioShack started a new partnership with Hobby Lobby to bring RadioShack Express "stores" inside 100 HobbyTown locations, CNBC reported.
Wichita Eagle. ^ "Owner of RadioShack, Pier 1 in danger of bankruptcy". New York Post. March 2, 2023. Retrieved March 2, 2023. ^ "About Pier 1 Imports". Pier 1 Imports. Archived from the original on 2008-01-13. ^ "Corporate Partners >> Pier 1 Imports, Inc". United States Fund for UNICEF. Retrieved 31 December 2013.
The Source (Bell) Electronics Inc., doing business as The Source (French: La Source), was a Canadian consumer electronics and cell phone retail chain. The chain had been present for more than 50 years in Canada, initially as Radio Shack and later as The Source by Circuit City. The Source was owned by BCE Inc., which purchased the assets of InterTAN from its parent, American retailer Circuit ...