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U.S. electronics chain RadioShack Corp filed for bankruptcy on Wednesday for the second time in a little over two years, faced with a challenging retail environment and an unsatisfying partnership with wireless provider Sprint Corp. The Chapter 11 filing comes after RadioShack, owned by General Wireless Operations Inc, tried to revitalize its business by co-branding stores with the wireless carrier in an effort to compete against their largest rivals. General Wireless, which acquired the RadioShack brand in 2015, listed assets and liabilities in the range of $100 million to $500 million in the U.S. bankruptcy court for the Delaware district.

This video shows that the supposed clock invention by a 14 year old is in fact not an invention. The 'clock' is a commercial bedside alarm clock removed from its casing. There is nothing to indicate that the clock was even assembled by the child. I suspect this was brought into school to create an alarmed reaction.

Bidding for the RadioShack brand and customer data has ended, but not before Apple weighed in on the proceedings, saying that information collected during the sale of its own products should be left out of the deal. A shuttered RadioShack store, via Ted Eytan. The hedge fund Standard General was the top bidder with $26.2 million for RadioShack's brand name and customer data. The same firm bought out Radio Shack's 1,700 store leases in March, as noted by Bloomberg. But as the bidding process was underway in a Delaware bankruptcy court, Apple joined the proceedings with a filing of its...

Standard General LP, which bought 1,700 RadioShack Corp. store leases in March, said it prevailed this week in an auction for the bankrupt electronics retailer’s brand name. The winning bid was $26.2 million, a spokesman for the hedge fund said Wednesday. That price also covers a trove of customer data. RadioShack entered bankruptcy in February with a plan to have a Standard General affiliate take over as many as half its approximately 4,000 stores in a co-branding arrangement with Sprint Corp. Standard General was declared the winner of the store auction with a bid worth about $145.5 million. The latest...

A plan to salvage RadioShack Corp’s RSHCQ.PK business by co-branding most of its 1,740 surviving stores with cellular phone provider Sprint Corp (S.N) earned U.S. bankruptcy court approval on Tuesday, ending four days of contested court hearings. The stores are what survived of more than 4,000 outlets after RadioShack went bankrupt in February. Founded in 1921, the chain was a go-to retailer for electronics before becoming increasingly irrelevant in the digital age. Judge Brendan Shannon, in Delaware bankruptcy court, approved a sale of the stores to the Standard General hedge fund, which plans to keep most of them open under...

Retail chain RadioShack is looking to cash in the information it holds on its customers as part of its bankruptcy sale. According to Hilco Streambank, personal data including over 65 million customers' names and physical addresses, as well as 13 million email addresses, has been made available to the highest bidder. All this despite the fact that the company's online privacy policy quite clearly states: We will not sell or rent your personally identifiable information to anyone at any time. We will not use any personal information beyond what is necessary to assist us in delivering to you the services...

When you go shopping, you probably think stores will keep your personal information safe and secure. But now, a report says Radio Shack is ready to auction off customer information as part of its bankruptcy sale. As CBS2’s Dick Brennan reported, the report says Radio Shack is ready to sell information they have on some 117 million customers, including names, addresses, phone numbers and other details on purchases. This despite the Radio Shack privacy policy, which says “We will not sell or rent your personally identifiable information to anyone at any time.” And some consumer experts say what Radio Shack...

Bankrupt consumer electronics retailer RadioShack Corp. (RSHC), has listed personal data of millions of its customers for sale. The RadioShack assets listed for sale includes more than 65 million customer names and physical addresses and 13 million email addresses. Hilco Streambank is the advisory firm that is taking care of disposition of RadioShack's assets in a Chapter 11 bankruptcy auction. According to reports, the auction for the personal data of customers has been concluded with hedge fund Standard General winning the auction. However, the deal still requires approval from a bankruptcy court and it looks like RadioShack will also face...

Once upon a time, Radio Shack was saved from bankruptcy — in the 1960s. The British Tandy corporation, at that time a leather goods retailer, bought the company in a resulting merger called Tandy Radio Shack & Leather. In 1977, Radio Shack's 3,000 stores started selling the TRS-80 (Tandy/Radio Shack, Z-80 microprocessor). Largely forgotten by the general public, the TRS-80 was, with Apple and Commodore's products, one of the pioneering personal computers of the late 1970s, and a key machine in the personal computer revolution. Byte magazine described the "1977 Trinity" of computers: Apple, Commodore and Tandy. In 1981, the...

For years, RadioShack — the retailer that helped bring personal computers to the masses — outlasted untold predictions that it would buckle in the face of bigger rivals and online competitors. But its clock has finally run out. RadioShack, a long-ailing 94-year-old electronics chain, filed for bankruptcy protection on Thursday after striking a deal to sell up to 2,400 of its stores to the wireless service provider Sprint and a hedge fund that is its biggest shareholder. The Chapter 11 filing, made in federal bankruptcy court in Delaware, took few unaware. RadioShack had not turned a profit since 2011, and...

Electronics retailer RadioShack Corp filed for Chapter 11 bankruptcy protection and said shareholder Standard General LP would buy 1,500 to 2,400 of its stores. RadioShack listed assets of $1.2 billion and liabilities of $1.39 billion in its bankruptcy petition in a Delaware court.

“RadioShack Corp. is preparing to shut down the almost-century-old retail chain in a bankruptcy deal that would sell about half its store leases to Sprint Corp. and close the rest, according to people with knowledge of the discussions,” Lauren Coleman-Lochner, Jodi Xu Klein, and Scott Moritz report for Bloomberg. “The locations sold to Sprint would operate under the wireless carrier’s name, meaning RadioShack would cease to exist as a stand-alone retailer, said the people, who asked not to be identified because the talks aren’t public.” “The discussions represent the endgame for a chain that traces its roots to 1921, when...

It’s a day of wild stories in the tech sector, with Amazon (AMZN) reportedly looking to open a huge chain of stores and Google (GOOGL) said to want to compete with Uber in the ride sharing market. Neither blockbuster story has been confirmed. Amazon isn’t commenting on the report that it might want to take over stores from near-bankrupt RadioShack. And Google is indirectly denying the report it would take on Uber, a company it has backed via its venture capital unit. But would either move make sense? Both are certainly debatable and full details obviously are not available. There’s...

Sprint may not be the only company intersted in Radio Shack's soon to be vacant retail stores. According to a report from Bloomberg, Amazon has expressed intersted in the brick-and-mortar locations. Amazon is reportedly intersted in using the stores as a showroom for its hardware, as well as place for customers pick up and drop off merchandise. Amazon currently sells a line of tablets, its Fire smartphone, as well as its new Echo bluetooh speaker and personal assistant. Radio Shack has about 4,000 retail locations in the United States. Reports have surfaced that the company is looking to sell some...

A former employee at the Radio Shack in Corte Madera is charged with stealing racy personal photos off a customer's cellphone. Jose Robert Miranda, 24, of Richmond is scheduled to be arraigned Monday in Marin Superior Court. He is free on bail. Miranda and Radio Shack have also been named as defendants in a civil lawsuit by the alleged victim, a 28-year-old San Francisco woman. The woman says she brought the phone to the Radio Shack in November to get its broken glass repaired. On Jan. 8, she was deleting photos from her tablet, which is connected to her call...

Radio Shack has been selling communication equipment since 1921, but according to Bloomberg, the retail chain will not be celebrating a 100th birthday. As part of a bankruptcy deal, RadioShack Corp. will be shutting down their entire chain of 7,000 tech stores, half of which will be reportedly sold to Sprint. According to the report, RadioShack locations that are sold to Sprint would operate under the wireless carrier’s name, meaning RadioShack would cease to exist as a stand-alone retailer. RadioShack received a rescue financing package from Standard General LP in October, and the hedge fund would serve as the lead...

Struggling to raise enough cash and credit to stay alive, RadioShack is reportedly preparing to file for bankruptcy as soon as next month. The filing could come the first week of February, according to the Wall Street Journal. RadioShack declined to comment for this story. The company had a deadline of Jan. 15 to come up with $100 million in combined cash and available credit, or its major creditors can pull the plug on the long-term financing it needs to survive. RadioShack only had $63 million available heading into the Christmas shopping season. The struggling electronics retailer has been trying...

RadioShack won't be the only store to open on Thanksgiving Day, but it might be the only one of its particular makeup to do so. This isn't Walmart or a call center, in which volunteers who want overtime pay can be chosen first. Most RadioShack stores have just a handful of employees, most or all of whom will work Thanksgiving whether they want to or not. Retail employees have very, very little in the way of perks, of things that are understood to be sacred. Having Thanksgiving Day to themselves was one of them. RadioShack is a company of massive...

For the first time, the company will open the majority of its stores at 8 a.m. Thursday, and they will remain open until midnight. Last year, most of its doors were closed on Thanksgiving.The company joins the likes of Toys R Us and J.C. Penney, which will open at 5 p.m. on Thanksgiving, while Sears, Kohl's, Macy's, Belk and Staples will open at 6 p.m. "Given the customer demand for store hours on Thanksgiving last year, we made the decision to open on Thanksgiving," RadioShack spokeswoman Andrea McCauley said. "It gives us the opportunity to stay competitive." "Given the customer...

Gentlemen and gentlewomen of a certain age harbor fond memories of trips to RadioShack. In days of yore, ham radios and homemade guitar amplifiers would emerge from the mysterious jumble of wires and audio components hawked by this unpretentious electronic retailer. Whatever one’s view of this American institution with about 27,000 employees, it is near death. On Thursday, RadioShack warned that it may file for Chapter 11 bankruptcy.