Back in February, RadioShack filed for chapter 11 bankruptcy and Sprint agreed to move into several stores. The restructuring plan has now been approved and the new entity will be owned by hedge fund Standard General. 1,740 stores will be retained, which is a big drop from the total of 4,000.
Sprint will take over one-third of the space in more than 1,400 stores and use their own retail employees to sell their phones and service. Sprint will pay for the overhead cost, contribute to advertising, and will pay commissions on its merchandise. Sprint’s logo will also be more prominent than the RadioShack’s logo in most of the stores.
This will obviously ramp up Sprint’s presence as they only had 1,100 stores before this transaction. However, Sprint’s service is pretty dismal in a lot of areas so will this actually help or hurt Sprint?
source: FierceWireless
Come comment on this article: RadioShack restructuring plan approved, Sprint to take over one-third of the space in 1400 stores
