Radio Shack Closings: Nine Virginia Locations Shuttering

WOODBRIDGE, VA — A once-popular gadget and electronic parts retailer is closing nine Virginia stores after filing for bankruptcy for the second time.

Actually, for some folks, Radio Shack is still popular.

There's just not enough of them out there.

A total of 552 Radio Shack stores — more than a third of the company's total stores — are closing this month, according to BusinessInsider.com.

Nearly 190 stores will close immediately and another 365, which are holding "everything must go" liquidation sales, 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.

According to Business Insider, the following Virginia stores will close:

• 418 Garrisonville Road 418 Garrisonville Rd, Stafford
• Haygood Shopping Center 1037 Independence Blvd, Virginia Beach
• 167W Oceanview Ave, Norfolk
• 2301 Colley Ave, Norfolk
• 14331 Warwick Blvd, Newport News
• 2092 Nickerson Blvd, Hampton
• Birchwood Shopping Center, 3742 Virginia Beach
• Cheshire Plaza, 4135 Cheshire Station Pl, Woodbridge
• Midtown Shopping Center, 140 E Little Creek Rd, Norfolk

Image via Patch file