RadioShack bankruptcy claims Indianapolis stores

Remigio Civitarese
Marzo 20, 2017

RadioShack was founded 96 years ago, and it once had thousands of locations.

The company is closing its Madison location at Madison Boulevard Sunday, according to a store employee. At the time, the company said it expected to close around 200 stores.

RadioShack filed voluntary petitions under Chapter 11 in the United States Bankruptcy Court for the District of DE on March 8.

There are nine stores in Central Pennsylvania that were not listed among the stores closing.

All remaining RadioShack stores in the midstate appear to be safe, at least for now, as they are not among the 552 stores that the struggling electronics retailer is planning to close as part of its latest bankruptcy restructuring.

Indianapolis-area stores that avoided the closure list are in Brownsburg, Mooresville, Franklin, Lebanon and Anderson.

The company said the stores being liquidated have the "lowest sales velocity and highest rent".

RadioShack is owned by General Wireless Operations Inc.in a partnership with Sprint.

Stores in Oak Ridge and Maryville will remain open. The business was contrived to help the RadioShack name live on following the original chain's 2015 bankruptcy filing.

RadioShack operated about 45 stores in IN before its 2015 bankruptcy, including about 25 in central Indiana.

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