Incline Village RadioShack among 16 in state that may close
February 11, 2015
INCLINE VILLAGE, Nev. — The Incline Village RadioShack store is among eight in Northern Nevada that will likely be impacted by the company's recent Chapter 11 bankruptcy.
The store in the Raley's Center at 930 Tahoe Blvd., as well as five in Reno, two in Carson City and one in Fallon — and eight in the Las Vegas area — all could close, according to RadioShack's corporate website.
An employee reached Wednesday at the Incline store deferred questions to the manager, who wasn't expected in until Thursday afternoon.
Including locations targeted for possible closure, RadioShack currently has 37 stores in Nevada, according to its website.
No other branches are located in the greater Truckee-Tahoe region; the closest outside of Reno that may close is in Auburn, Calif., according to the company.
RadioShack filed for bankruptcy protection last Thursday. Part of its plan is for Sprint, the No. 3 U.S. wireless carrier, to open mini-shops in as many as 1,750 of RadioShack's remaining stores.
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The long-struggling consumer electronics chain, which was founded nearly a century ago, plans to sell 1,500 to 2,400 stores to its largest shareholder, investment firm Standard General, according to the Associated Press. It is seeking to close the remainder of its 4,000 U.S. stores.
The company, which has not turned a profit since 2011, employs about 27,500 people worldwide, according to its last annual report filed with the U.S. Securities and Exchange Commission.
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