March 21, 2017 By Hannah Wulkan
Several local Radio Shack stores are shutting down following the company filing for bankruptcy last month.
As part of a court filing in Delaware, the electronics store released a list of 365 branches it plans to shut down by the end of the month, including one at 22-32 31st Street in Astoria.
Though no other local stores were on that particular list, the branch at 28-54 Steinway Street and the branch at 45-02 Queens Boulevard in Sunnyside have banners outside announcing their closing.
According to the Radio Shack website, the Sprint store at the location on 31st Street will remain open, despite the Radio Shack portion closing down. The store is currently having a clearance sale to prepare for closing.
It is not yet clear what will happen with the other local branches closing down. Neither the Steinway branch or the Sunnyside branch have Sprint stores.
This is the second time in two years that Radio Shack has filed for bankruptcy. According to the most recent filing, just over 550 stores will be shut down by the end of the month, while the company evaluates what to do with the approximately 1,000 remaining stores.
“Since emerging from bankruptcy two years ago as a privately owned company, our team has made progress in stabilizing operations and achieving profitability in the retail business, while our partner Sprint managed the mobility business,” explained a press release the company issued earlier this month.
“However, 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,” it continued.