RadioShack

RadioShack is a consumer electronics chain founded in 1921. They currently operate almost 6,000 corporate and franchise locations throughout the United States. 
Since 2017, General Wireless Operations, Inc. has leased the name from Kensington Capital Holdings and operates primarily as an e-commerce website, a network of approximately 425 independently owned authorized dealer stores, and as a supplier of parts for HobbyTown USA. All stores are located in the United States.
At its peak in 1999, it had operated stores in the United States, Mexico, United Kingdom, Australia, and Canada. While outside of those listed areas, the company had sold licenses to other companies to be able to use the Radio Shack brand name in other parts of the world that had included parts of Asia, North Africa, South America, Central America, and the Caribbean. On February 5, 2015, the company filed for Chapter 11 protection under United States bankruptcy law after 11 consecutive quarterly losses. By then, it was operating only in the United States and Mexico. The following month, General Wireless purchased the assets of the company, including the "RadioShack" brand, for US$160 million.
General Wireless filed for bankruptcy in March 2017, claiming its Sprint partnership was not as profitable as expected, and announcing plans to close nearly all of their company-owned stores after Memorial Day Weekend of 2017, and to shift its business primarily to online.
As a result of RadioShack Corporation filing for bankruptcy in 2015, Kensington Capital Holdings (as successor to General Wireless) only owns the RadioShack brand within the United States while other companies own the brand in the rest of the world since 2015. Mexico-based Grupo Gigante, through it subsidiary RadioShack de México, owns the RadioShack brand within Mexico. El Salvador-based Unicomer Group owns the RadioShack brand within Central America, South America, and the Caribbean. Egypt-based Delta RS for Trading owns the RadioShack brand within North Africa and the Middle East. All four companies are legally separate and unrelated.
==External links==
Radio Shack Official WebsiteCategory:Retailers by type
Category:Retailers
Category:Discount stores
Category:Department stores
Category:Retailers that filed for bankruptcy
Category:Electronic Stores
Category:North America
Category:Companies
Category:Franchises
Category:Brands