Wednesday, 04 February 2015 15:23
We discussed on Weekly Tech Update a few weeks ago that RadioShack was in the process of declaring bankruptcy and their future was looking pretty bleak. We had talked about the possibility of someone coming in and wanting to buy up some (or all) of RadioShack's 4,000 US locations and now reports are coming out that Amazon might be one of those interested companies (Sprint is also rumored to be in the running for some locations as well).
The fact that Amazon could end up buying some brick and mortar locations from RadioShack is quite ironic seeing as it has been online companies like Amazon that have killed brick and mortar retailers like RadioShack. Amazon does have a few locations already but could jump into the physical retail market in a big way with the acquisition of some key locations from RadioShack. Bloomberg has more on these rumors.
Amazon.com Inc., aiming to bolster its brick-and-mortar operations, has discussed acquiring some RadioShack Corp. locations after the electronics chain files for bankruptcy, two people with knowledge of the matter said.
Amazon has considered using the RadioShack stores as showcases for the Seattle-based company’s hardware, as well as potential pickup and drop-off centers for online customers, said one of the people, who asked not to be named because the deliberations are private.