RadioShack filed for bankruptcy

The electronics chain RadioShack Corp filed for bankruptcy on Wednesday, according to Reuters. It is expected that the company will close around 200 stores- the overall number is close to 1 500.

Sprint will change several hundred locations to corporate-owned stores. The mobiole operator will redeploy to other Sprint stores assets such as signage, displays and inventory currently at RadioShack locations which are closing.

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All Sprint employees working at Sprint-RadioShack locations will transition to another Sprint store.

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