Two years after Ithaca’s RadioShack survived the closure of 1,784 stores, it’s slated to close in a new round of about 200 of the company’s roughly 1,500 locations.
The company, which has operated a chain of electronics stores that dates back to 1921, filed for chapter 11 protection again on Wednesday. After closing 200 stores, they’ll be “evaluating options on the remaining 1,300.”
RadioShack president and CEO Dene Rogers says, “Over the course of the past two years, our talented, dedicated team has worked relentlessly in an effort to revitalize the Company and the RadioShack brand, while providing outstanding service to our customers. We greatly appreciate their hard work and dedication.”
The company has been reducing expenses and raising gross profits, but “for a number of reasons, most notably the surprisingly poor performance of mobility sales, especially over recent months, we have concluded that the Chapter 11 process represents the best path forward for the Company,” they said in a release.
There have been RadioShack stores in three Ithaca-area locations over the years: in the Triphammer Mall (now the Triphammer Marketplace), in the Shops at Ithaca Mall (formerly the Pyramid Mall), and in the Gallagher Home Electronics plaza where Route 13 north and south split at the intersection of Fulton Street and Meadow Street. The sole remaining area store, at the Shops at Ithaca Mall, has been offering an assortment of electronics hobbyist supplies, soldering equipment and supplies, batteries, and cell phones and phone accessories.
The stores closing two years ago included Johnson City, Binghamton, Vestal, Horseheads, Victor, Rochester, Cortland, and Cicero.
Besides Ithaca’s store, four RadioShack locations in the Rochester area and the store in Wilkes Barre, PA are closing. Clearance sales are under way in all of these stores. How long they remain open will depend on how quickly inventory is sold at discounted prices.