Amazon and Sprint look to scoop up Radioshack stores
US e-commerce behemoth Amazon is interested in acquiring some of beleaguered electronics retailer Radioshack’s real estate portfolio, reports Bloomberg.
Alongside telecoms company Sprint, Amazon would look to make its move after Radioshack files for bankruptcy, which seems increasingly more likely in the wake of the New York Stock Exchange’s decision to suspend trading of the shares and begin the processes of delisting the company, although Bloomberg pointed out there was still time for a buyer to emerge who might save the chain.
Sprint has held talks with Radioshack over a co-branding agreement for some of the stores, with the remaining stores likely to close under such terms, according to two anonymous sources cited by Bloomberg. Amazon’s approach is thought to be more direct, with the stores potentially used as showrooms for its hardware products, as well as pickup and drop-off centres for its online customers, Bloomberg said.
Radioshack and Sprint declined to comment on the report and Amazon could not be reached for comment.