Waltham Radio Shack Shuttering Amid Mass Closures

WALTHAM, MA – Radio Shack in Waltham is one of 25 Massachusetts locations closing during the next two weeks. More than 550 stores across the country – at least a third – are closing this month after the gadget and electronic parts retailer filed for bankruptcy for a second time, according to BusinessInsider.com.

Radio Shack is located at 110 River Street in Waltham.

Nearly 190 stores will close immediately and another 365 will close by April. Another 1,000 stores will remain on an evaluation list to see if they remain viable. The report noted that the stores that were closing “reflected the lowest sales velocity and highest rent” within the company.

The announcement comes just two years after the company closed around 1,800 stores in a restructuring effort after posting hundreds of millions of dollars in losses. The company closed more than 1,000 stores in 2014, after posting sales losses in 2012 and 2013. At that time, the company had around 4,300 stores.

Click here for the full list of Massachusetts locations closing.

Story by Tony Schinella, Patch Staff

AP Photo/John Raoux