• 59°

Future of Salisbury RadioShack unclear

It’s unclear if or when Salisbury’s RadioShack will close, according to a store employee.

Bloomberg reported Monday that Amazon is in talks to buy some RadioShack locations. RadioShack Corp., the electronics retail chain that’s been struggling for years, appears to be heading toward bankruptcy, according to numerous reports.

Bloomberg also reported that Sprint could end up buying half of RadioShack’s 4,000 U.S. locations.

The RadioShack in Salisbury is located in a small plaza, along with a T-Mobile store and a FedEx Office, tucked away off E. Innes Street near IHOP. There used to be one in the former Salisbury Mall, too.

An employee at the store told the Post on Tuesday he didn’t know if the store is closing and said he’s only heard “rumors.” A clearance sign hung in the window.

Bob Campbell stopped by the store looking for the right power source for his computer. He said he normally goes to Walmart for electronics and that it doesn’t matter to him if the store closes.

RadioShack has seen its sales decline for years due to shoppers flocking to places like Walmart. And the rise of online retail has also hurt the company.

If the RadioShack in Salisbury closes, it would mark a further erosion of places to buy technology in Rowan County. Circuit City closed in 2009, and Office Depot drastically reduced the size of its store here in 2013.

The New York Stock Exchange suspended trading of RadioShack stock on Monday because the company said it would not submit a business plan to address it’s noncompliance with the stock exchange’s standards.

Shares of RadioShack stock were trading at 24 cents at the end of the day Monday.

RadioShack also has locations in Mooresville, Lexington and Kannapolis.

Contact Reporter David Purtell 704-797-4264.

Comments

Education

A.L. Brown celebrates seniors with signing day

Business

Rebounding, but not recovered: Rowan County tourism begins challenging path toward normalcy

High School

High school baseball: Padgett leads Mustangs; 100th win for West coach Graham

Coronavirus

RSS superintendent, Board of Health discuss strategies for increasing student vaccination rates

Nation/World

Gas stations report shortages as pipeline shutdown drags on

News

Lawyers: Black man didn’t drive into deputies who shot him

Nation/World

Liz Cheney says Trump and GOP backers threaten democracy

Coronavirus

Rowan Health Department clarifies county’s COVID-19 death total is 301

Landis

Landis approves new land development ordinance, zoning map

Landis

Landis approves body camera, stun gun purchase for public safety officers

Crime

One charged, another dead on sheriff’s most wanted list

Crime

No injuries after car shot eight times on Old Concord Road

Education

RSS talks first steps for new federal relief totaling $66 million

China Grove

Gary’s Barbecue staff, customers look back at 50 years

News

Salisbury Lions Club names Person of the Year, Lion of the Year at 78th annual banquet

Education

Student COVID-19 numbers show first decline since plan A

High School

High school golf: Fowler competes in state tournament

News

Amazon announces new distribution center for North Carolina

News

House passes bill to bar Cooper from mandating COVID shot

Coronavirus

Rowan County sees death 302 from COVID-19; Health Department to host final mass vaccine clinic

Ask Us

Ask Us: What happened to work on South Fulton Street home?

Crime

Blotter: Woman says she was shot in hand on Lincolnton Road

Crime

Rowan Sheriff’s Office charges Salisbury man with operating illegal gambling business

Crime

Blotter: Rockwell man arrested on felony drug, breaking and entering charges