Business

F.C. RadioShack May Remain Open After All

While RadioShack Corp has already closed hundreds of its retail stores due to its bankruptcy filed in February, approximately 1,700 of them will remain in operation co-branded with Sprint Corp. as a result of its acquisition by its biggest shareholder, Standard General LP for about $145.5 million. The stores employ more than 7,000 people. Approximately 160 stores were previously sold to Sprint Mobile, a unit of GameStop Corp., and will be rebranded.

Radio Shack entered bankruptcy in February with more than 4,000 stores, $1.2 billion in assets and almost $1.4 billion in debt. Four stores remain within five miles of Falls Church (locations in McLean, Arlington, Annandale, Baileys Crossroads.)

A final determination about which stores will remain open has not yet been announced. For more information, visit radioshack.com.

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