RadioShack Corp. is edging toward bankruptcy and both Sprint Corp. and Amazon.com Inc. are interested in buying some of its stores, according to reports.
Under a bankruptcy deal, the century-old electronics retailer would sell about half of its store leases to Sprint Corp., headquartered in Overland Park, Kansas, and close the rest, Bloomberg.com reported Monday. The remaining stores would operate with the wireless carrier’s name, meaning RadioShack would cease to exist as a stand-alone retailer.
“Sprint and RadioShack also have discussed co-branding the stores. … It’s also possible that another bidder could emerge that would buy RadioShack and keep it operating,” the report says
Sanpower Group, one of the China-based firms that brought gadget retailer Brookstone out of bankruptcy with the intent of operating it as a stand-alone brand, has expressed interest in RadioShack, too.