RadioShack running out of cash to close #makerbusiness
Time is running out for RadioShack.
RadioShack has made it through its 94th Christmas. But its chances of surviving another year are very much in doubt.
The company is saddled with more than 5,000 stores, many of which it can’t afford to keep open.
Unfortunately for Radio Shack, the company is so cash-strapped that it can’t afford to close them, either.
Closing stores is an expensive undertaking. It requires cash for paying severance, liquidating merchandise and paying penalties to exit leases early.
Read more… the 401k issues are not going help either – see our previous posts here.
Join 7,000+ makers on Adafruit’s Discord channels and be part of the community! http://adafru.it/discord
CircuitPython in 2018 – Python on Microcontrollers is here!
Have an amazing project to share? Join the SHOW-AND-TELL every Wednesday night at 7:30pm ET on Google+ Hangouts.
Join us every Wednesday night at 8pm ET for Ask an Engineer!
Follow Adafruit on Instagram for top secret new products, behinds the scenes and more https://www.instagram.com/adafruit/
Maker Business — The many, many manufacturing processes listed on Wikipedia
Wearables — A bevel illusion
Electronics — Blown transistor?
Biohacking — We are Wired to Exercise at a Moderate Pace
Python for Microcontrollers — Make It Move with Crickit!
Get the only spam-free daily newsletter about wearables, running a "maker business", electronic tips and more! Subscribe at AdafruitDaily.com
No comments yet.
Sorry, the comment form is closed at this time.