East Side may say goodbye to 2 Radio Shack stores

The Radio Shack at the Sun Ray Mall held a clearance sale in its final days open. The store closes Sunday, Feb. 15. (Patrick Larkin/Review)
The Radio Shack at the Sun Ray Mall held a clearance sale in its final days open. The store closes Sunday, Feb. 15. (Patrick Larkin/Review)

Company files for bankruptcy, announces store closures

East Siders may or may not be surprised to hear that electronics retailer Radio Shack is bankrupt.

The national retailer, showing failing financial performance, announced it had declared bankruptcy in a statement released Thursday, Feb. 4.

With the announcement, the company executives declared they’d look to close or sell roughly half of their 4,000 stores, including two East Side locations and two other St. Paul locations.

A wireless company has agreed to buy off between 1,500 and 2,4000 of the stores, but the rest look like they may fade away.

The East Side locations that could close as the company deals with bankruptcy include one at 894 Arcade St., and one at 2113 Old Hudson Road in the Sun Ray Shopping Center. There’s also a Radio Shack in Maplewood Mall at 3001 N. White Bear Ave.

Additional St. Paul locations are in the Highland neighborhood at 2026 Ford Pkwy., and in Midway at 1538 University Ave.

Other Radio Shack locations that are owned by franchisees are not affected by the bankruptcy, the company said.

An employee at the Radio Shack on Arcade Street told the East Side Review he couldn’t comment, noting that corporate staff have been pushing in-store staff to direct any and all media inquiries to the corporate headquarters.

The Sun Ray Radio Shack closes Sunday, Feb. 15, and had all of its merchandise on clearance leading up to it. An employee at the location said she’d been given only 10 days notice prior to the store’s closing.

-- Patrick Larkin
 

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