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RadioShack Bankruptcy: Century Losing Franchise; Three Escambia Stores Likely Closing
February 10, 2015
Electronics retailer RadioShack has announced that it is filing bankruptcy and will close 1,500 to 2,400 stores. Three Pensacola RadioShack stores are on the potential closure list, and Century will lose its franchise location.
S & K Communications has operated a RadioShack franchise on North Century Boulevard for about 12 years, according to Shelby Spears, one of the store’s owners. The RadioShack franchise and branding will be gone as after February 28, but it will otherwise be business almost as usual for the underlying S & K Communications company.
“We will no longer have RadioShack,” Spears said. “We will however carry much of same products that we have all along from other vendors. We are still ‘here’.”
Three Pensacola RadioShack locations are are set for possible store closures, according to a list released by the company. Those stores are located at 8936 Pensacola Boulevard in Ensley, 7000 North Davis Highway and the store inside Cordova Mall.
Pictured: S & K Communications in Century will continue to operate without their RadioShack franchise after February 28. Courtesy photo for NorthEscambia.com, click to enlarge.
Comments
7 Responses to “RadioShack Bankruptcy: Century Losing Franchise; Three Escambia Stores Likely Closing”
Good Luck to S & K Communications. I hope your business thrives.
THOUGHTS REGARDING:
“More stores close=more unemployment=less revenue for the county=county raises taxes on people. What does everyone else think?”
Shy though I am about expressing my opinion, since you asked…
Not necessarily.
When a store closes, Those employed there may become unemployed although many large corporations offer other jobs elsewhere. Often these are too far away, so they part ways.
Some large corporations even help former workers find employment elsewhere.
Failing that, those who lose one job may quickly find work elsewhere.
If people DO have to go elsewhere to get jobs, that sometimes yields less demand on governmental services which can reduce need for taxes.
Usually taxes rise when population increases.
David for a dynamic economy
It all started with the computer age. They jumped on it. Then cell phones came along, they jumped on that too. The problem was that the market was way too large for Radio Shack to compete in those things. I always called them Computer Cell Shack. Radio had been long been gone.
The store on 29 has the closing sign out.
Radio Shack has been in trouble for many years and is just a shell, as compared to it’s 1970’s heyday.
I walked into a store in 1997 for to purchase a 10″ woofer and was shocked to see how much the inventory line had been reduced. In 1977 they had it all.
Glad to see S&K will remain open but I thought radio shack had closed years ago.
More Pensacola stores closing…and moving elsewhere. I see Kmart closed on 9th Ave. But open in Pace/Milton. Don’t see any store closures in Pace/Milton….maybe that is because the County Commissioners don’t care about anything except tourism and downtown Pensacola. More stores close=more unemployment=less revenue for the county=county raises taxes on people. What does everyone else think?