As many of you might have noticed, RadioShack has been forced to close down some of it’s stores due to slow sales and a huge decline in consumer activity for the old electronics chain. In an attempt to steer from going the way of some other once large names (ahem…Block Buster and Circuit City..), RadioShack agreed to a deal with Sprint that will have them both occupying 1,435 of RadioShack’s brick and mortor stores, where Spring will occupy one-third of the space. The stores will mostly have Sprint branding with RadioShack being forced to take a step behind Sprint.
Sprint hopes that this huge investment will allow them to be ever more presence in many areas around the country, and help propel them farther than their current competitors. This will also help preserve the many jobs that otherwise would have been lost if RadioShack had just completely shut down and will also open new jobs for those that will be working for Sprint directly. Whether or not this will help both companies in the long run is still to be determined. Either way, if you wish to read more information regarding the deal, you can head over to the official press release using the link below.
