Media: RadioShack chain stores in the United States will cease to exist

RadioShack Corp., a retailer with a nearly century-old history, is preparing for bankruptcy. According to the information agency Bloomberg, soon he will probably close half of his outlets and sell the rest of the Sprint mobile phone company.

This was reported to Bloomberg journalists by sources at RadioShack, who wished to remain anonymous. The deal with Sprint is not yet completed and is under discussion. The retailer is considering other options, such as joint branding of stores with Sprint, as well as selling half of its outlets to someone else.

In any case, RadioShack will cease to exist in its current form. This information was confirmed to journalists by two insider sources.

RadioShack dates back to 1921, when two brothers, Theodore and Milton Deutschmann, created a company that sold accessories for amateur radio and navigation at sea. The first office opened in Boston. The company delivered its goods to customers by mail.

With the development of high technology and the advent of radios, televisions, and later personal computers, video games and players into the lives of ordinary people, RadioShack began to actively expand and open new stores. The company's heyday came in the 1980s and 1990s, when it was especially popular. RadioShack stores sold electronics and rare parts that were hard to find anywhere else.

However, in 2000-ies with the proliferation of online commerce, as well as the expansion of Walmart supermarkets using a win-win low price strategy, difficult times came for RadioShack. She began to suffer losses every year and close outlets. Competition gradually led to the bankruptcy of the company.