If you’d like to take one last nostalgic walk through the aisles of a RadioShack, maybe pick up a new tape deck or some speaker wire, you might want to do so soon. For now that the struggling retailer has entered stock-market oblivion, those items are set to join its shares in the realm of the unbuyable.
But hope of a turnaround is dissipating for the nearly century-old Texas company as the New York Stock Exchange seeks to delist it after suspending trade of its shares on Monday.
Now, store managers are being told to ship big-ticket items to more profitable locations while RadioShack keeps closing stores. Half a dozen store managers told The Associated Press they were instructed not to talk about the company's dire financial straits.