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Hibbing, Virginia RadioShack stores set to close


"Over the course of the past two years, our talented, dedicated team has worked relentlessly in an effort to revitalize the company and the RadioShack brand, while providing outstanding service to our customers".

In a Chapter 11 reorganization petition filed Wednesday in the U.S Bankruptcy Court in Delaware, General Wireless stated it planned to close 187 stores this month, with the process already underway.

The company said the stores being liquidated have the "lowest sales velocity and highest rent".

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Another 365 locations nationwide are slated to close by April 4, the Post-Dispatch reported.

Of the 552 stores closing, 17 are in Pennsylvania.

Indianapolis-area stores that avoided the closure list are in Brownsburg, Mooresville, Franklin, Lebanon and Anderson.

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There are 42 Texas locations on the list, but none of those stores are in the Rio Grande Valley.

But the Sprint Stores at those locations will remain open.

RadioShack is owned by General Wireless Operations Inc.in a partnership with Sprint.

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To bridge that gap, the retailer partnered with Sprint two years ago and placed small phone stores inside RadioShack electronics stores. The business was contrived to help the RadioShack name live on following the original chain's 2015 bankruptcy filing.

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