Sequim’s Radio Shack, 680 W. Washington Suite B106, will remain largely unaffected following the news of its parent company filing for Chapter 11 bankruptcy on Feb. 5, its owner says.
Dave Lyle, who has owned the Sequim franchise store for 26 years, said everyone who came through the business’ door on Friday asked about the store’s status.
“I want to assure people their locally owned RadioShack is going nowhere,” Lyle said. “The locally owned franchise is virtually unaffected. The name is still the same. This store is not going away and continues to have the same ownership.”
National media reports indicate the corporation is slated to sell 1,500 to 2,400 of its more than 4,000 U.S. stores to Standard General in cooperation with Sprint to operate kiosks out of most of those locations.
RadioShack’s site lists 1,784 locations tentatively slated for closure. In Washington state 25 stores may close, with Silverdale’s location the closest to Sequim.
Lyle said the only impact he knows of to Sequim’s Radio Shack is that shipping times are going to be a little slower for new products and orders.
“Now it’s about three days out of California, but then it’ll be about five days out of Texas,” Lyle said.
Reports also state Standard General will close RadioShack’s remaining company-owned stores. Sequim’s branch, however, falls under one of its 1,000 dealer-owned franchises.
In March 2014, RadioShack closed more than 1,100 lower-performing stores following continued revenue declines.
RadioShack was founded in 1921.
For more information, visit www.radioshack.com or call the Sequim store at 360-683-3033.