RadioShack files for bankruptcy again; 2 Jacksonville stores closing

RadioShack has filed for Chapter 11 bankruptcy protection for the second time in just over two years, putting the future of the nearly 100-year-old electronics retailer in doubt and resulting in the closing of 200 more stores, two in Jacksonville.

An employee at a Jacksonville Radio Shack, who asked not to be named because of the sensitive information, said that an email has come through with a list of which stores are staying open and which stores are closing.

The list showed the stores at 3655 University Blvd. West and 4419 Roosevelt Blvd. would close. The Roosevelt location would close by the end of the month, according to the list, and transition totally to a Sprint store. There was no date for the University store.

Jacksonville locations at San Jose Boulevard; Julington Creek; Atlantic Boulevard; and University and Beach boulevards would remain open, another employee said, as would the St. Augustine and Fernandina Beach stores,

Once known as the place to buy batteries and obscure electronic parts, RadioShack has struggled to hang on to customers as more people shop on Amazon.com and other online retailers.

It redesigned its stores about three years ago and stocked its shelves with popular headphone brands and the latest gadgets. But that didn’t attract more shoppers and the retailer filed for bankruptcy protection in 2015.

After that, it tried to lure smartphone-loving shoppers by opening Sprint wireless carrier shops within 1,200 RadioShack locations. But that didn’t help either: RadioShack CEO Dene Rogers said Thursday that mobile phone sales were “surprisingly poor,” especially in recent months.

RadioShack said Thursday that it is in the process of closing 200 of its stores and will evaluate its options for the remaining 1,300. Sprint, meanwhile, said Thursday that it signed a deal to turn several hundred RadioShack locations into Sprint stores, but declined to give a specific number.

RadioShack, based in Fort Worth, Texas, has nearly 5,900 employees, according to bankruptcy paperwork filed on Wednesday.

The company said that its stores will remain open, but said that anything sold cannot be returned. Items bought before March 2 can still be returned until further notice, the company said on its website. Anyone with a RadioShack gift card has until April 7 to spend it.

© 2017 WTLV-TV


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