There are no active ads.

Advertisement

Amazon Said to Buy RadioShack Stores

by Jacob Kleinman | February 3, 2015February 3, 2015 8:00 am PDT

Amazon-Logo-4

RadioShack is dying. The once-great consumer electronics chain is likely ready to declare bankruptcy and may sell half of its stores to Sprint. A new report from Bloomberg on Tuesday claims Amazon may also be interested in buying up some of those brick and mortar locations.

It’s ironic, considering that Amazon’s rapid growth played a big part in RadioShack’s downfall. It also makes sense. Amazon sells a lot of its own hardware now, from the popular Kindle lineup to the less-popular Fire Phone, so a chain of physical stores could serve as show rooms for the company’s own products.

Bloomberg adds that the new stores could also act as pickup and drop-off locations for Amazon customers in a rush. It’s unclear how many stores the e-commerce giant will actually buy, though it probably won’t be nearly as many as Sprint. The carrier is expected to take over roughly half of RadioShack’s 4,000 locations across the U.S.

By comparison, Amazon may want to test out its new strategy with just a few stores in key locations. For now, the two companies are still just talking about a potential deal, but we wouldn’t be surprised to see Amazon storefronts start to pop-up later this year.

Bloomberg

Jacob Kleinman

Jacob Kleinman has been working as a journalist online and in print since he arrived at Wesleyan University in 2007. After graduating, he took a...

Advertisement

Advertisement

Advertisement