Bankrupt RadioShack to close more than 60 stores in Pa
RadioShack has identified 63 Pennsylvania stores among the 1,784 locations scheduled for closure across the country as the 94-year-old consumer electronics chain restructures in bankruptcy. That list includes stores at York County’s Galleria Mall, Newberry Pointe Shopping Center in Etters, S Lancaster’s Park City Center, at the Berkshire Mall, Berks County, at the Susquehanna Valley Mall in Selingsgrove, and a store in State College. Going out of business sales began last Friday.
The company is in agreement to sell 1,500 to 2,400 of its locations to a unit of Standard General LP, its biggest shareholder. Standard General in turn has a deal with wireless carrier Sprint to set up stores-within-stores at as many as 1,750 locations. The rest will be closed under a deal with a liquidator, Hilco Merchant Resources. RadioShack employs about 21,000 people, full- and part-time.