Radio Shack Begins Liquidation Sales

CONCORD, NH — Radio Shack, the gadget and electronic parts retailer, is closing hundreds of stores during the next two weeks, including New Hampshire Radio Shack stores, which are in the process of holding “everything must go” sales in all of their stories, according to store employees and reports online. More than 550 stores across the country – more than a third – are closing this month after the company filed for bankruptcy for a second time, according to BusinessInsider.com.

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. At the time, locations in Bedford, Merrimack, Salem, and Portsmouth, were all slated to close. 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.

According to a local employee manning the Fort Eddy Road store this weekend, most of the stores in New England, including all of the New Hampshire stores, will be closing. The store’s website will remain active until June, the clerk noted.

The corporate list, however, only states that Milford, Nashua, and Plymouth, in New Hampshire were closing, however the Concord store had liquidation signs posted and offered limited items. All of the Sprint cellphone information that was in the store just weeks ago had been removed in Concord although reports online noted that some Radio Shack locations were transitioning to Sprint locations permanently.

Read the full list at BusinessInsider.com.