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What Fate Awaits RadioShack's Independent Franchisees?

3/14/2017 05:15:00 AM Eastern

RadioShack's Chapter 11 filing calls for the immediate closing or sale of upwards of one-third of its locations. But what of the 425 U.S. (and one overseas) RadioShack franchisees, who operate their own stores and pay a fee to use the RadioShack brand? 

"A co-owner of RadioShack outlets in Petoskey and Charlevoix, Mich., doesn't expect impacts for those locations as the company closes 200 of its stores following a recent bankruptcy filing. Texas-based General Wireless Operations, which does business as RadioShack, announced Tuesday that it had filed for Chapter 11 bankruptcy, that it is in the process of closing 200 stores and will be evaluating options for the company's remaining 1,300 stores."

Read More at Petoskey News

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