After announcing that it would close 200 stores earlier this year, RadioShack has now closed more than 1,000 stores.
That now leaves the retailer chain with only 70 company-owned stores still in operation nationwide.
— RadioShack (@RadioShack) May 28, 2017
It was after RadioShack filed for Chapter 11 bankruptcy this past March that the 96-year-old company decided to close some of their stores.
At first, RadioShack’s parent company, General Wireless Operations, said the electronics retailer would only close 200 of its 1,500 company-owned stores, but it wasn’t even a few weeks later that the number of stores closing grew to a total of 552.
There are still stores that owned by franchisees, about 425, so that brings the total number of RadioShack stores currently in operation to a little less than 500.
Founded in 1921, RadioShack gained popularity in the 1970s and 1980s. And during its heyday, RadioShack had more than 7,300 locations across the U.S. The company even used to boast that it had a store within just 3 miles of 95% of American consumers. It’s said though that with the stiff competition coming from stores like Apple and online retailers with competitive pricing such as Amazon, it made it tough for RadioShack to compete.
The company attempted to stabilize operations after their 2013 bankruptcy, by partnering with Sprint, integrating FedEx pickup and drop-off into 140 of the stores locations and delivered over 700,000 Hulu login pins to existing customers. Though the efforts didn’t keep the business from having to continue to downsize.
It was as recent as 2013 that there were still over 5,000 RadioShack stores located around the country. It was only after they filed for bankruptcy for the first time in 2015 that they closed about half of their locations.
Most of the stores that the company announced are closing have already done so, but a quick search on the RadioShack website will confirm whether or not the closest location to you is one of the few that plans to remain in business.