Daily News: April 2, 2015

Final RadioShack Store Closing Sales Begin

The JV group of Hilco Merchant Resources, Gordon Brothers Group and Tiger Capital Group announced it will manage a final phase of RadioShack store closings at an additional 361 locations throughout the nation. Sales begin at these locations April 2, 2015, with significant discounts on all merchandise.

Since February, RadioShack has closed more than 1,700 company owned store locations following a Chapter 11 Bankruptcy filing. The additional stores will be
the last wave of store closing sales at RadioShack after the announcement yesterday in a Delaware bankruptcy court that the judge approved a plan to reorganize RadioShack in a deal with Standard General and Sprint that will keep as many as 1740 company owned stores open throughout North America and preserve thousands of retail jobs.

A spokesperson for the joint venture said, “We’ve been engaged to manage this final round of RadioShack store closings as the company focuses on reinvigorating the remaining set of 1740 company owned stores under new ownership. This is a great time to find deep discounts on an incredible range of merchandise and well-known brands. Consumers are encouraged to take advantage of these fantastic deals right away while the selection is best.”

Discounts of up to 50% off original prices are being offered at the closing locations on the entire inventory of top brand headphones and speakers, wearable technology, smart toys, connected home, power accessories, home entertainment and more. Store fixtures and equipment are also available for sale at the closing locations.