Natchez RadioShack facing possible closure
Published 12:05 am Sunday, February 8, 2015
NATCHEZ (AP) — Struggling electronics retailer RadioShack has filed for Chapter 11 bankruptcy protection and says it will sell up to 2,400 stores — including the possible sale of its Natchez store.
General Wireless, a subsidiary of Standard General, RadioShack’s largest shareholder, has agreed to buy 1,500 to 2,400 of the company’s U.S. stores. As part of the bankruptcy plan, Sprint may open mini-shops in as many as 1,760 of the acquired RadioShack stores.
The RadioShack store in the Natchez Mall is one of many listed on a document of stores that face possible closure.
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The Fort Worth, Texas company said Thursday that it has filed a motion to proceed with closing the rest of its 4,000 U.S. stores. It is also having discussions to sell all of its remaining assets.