Hibbing, Virginia RadioShack stores set to close
The RadioShack stores in Hibbing and Virginia are slated to close in the wake of the electronics chain filing for bankruptcy earlier this month.
RadioShack's website on Monday reported that inventory clearance sales were underway at the two locations ahead of the store closures. The Virginia store is located in the Thunderbird Mall; the Hibbing location is in the Hibbing Marketplace complex.
The store closures — among several hundred nationwide — also were mentioned in bankruptcy court filings posted by the St. Louis Post-Dispatch. In the filings, the chain's owners say they expect to complete inventory liquidations at the Virginia and Hibbing stores, and 172 others, by March 28.
Another 365 locations nationwide are slated to close by April 4, the Post-Dispatch reported.
The store at Duluth's Miller Hill Mall is not mentioned in the court filings.
RadioShack filed for bankruptcy this month for the second time in a little over two years, faced with a challenging retail environment and an unsuccessful partnership with wireless provider Sprint, Reuters reported. RadioShack, owned by General Wireless Operations, had tried to revitalize its business by co-branding stores with the wireless carrier in an effort to compete against their larger rivals.
Sprint will convert several hundred locations into Sprint corporate-owned stores, the wireless provider said, without revealing which locations will be included.