RadioShack may soon go into bankruptcy protection--a move that could mark the end of its existence as a national retail chain. And the company is considering selling half its store leases to Sprint and shutting down its remaining stores, according to a Bloomberg report.
Struggling mobile and electronics retailer RadioShack is negotiating a deal to sell to Sprint the leases to some of its stores. RadioShack is reportedly on the verge of filing for bankruptcy protection.
AT&T Mobility is hoping to hit another home run by becoming the exclusive operator to offer Amazon's new smartphone, which is expected to make its debut tomorrow. According to the Wall Street Journal, which cited sources familiar with the plans, AT&T will extend its existing relationship with Amazon, in which it provides cellular connectivity for Amazon's Kindle e-reader and tablets, to the smartphone.
Amazon's is poised to introduce its first smartphone at an event on June 18, according to various reports, but a big question hanging over the launch is: why? A report in the New York Times speculates that the real reason the retailing giant wants to get into the smartphone business is to remove friction from the retail experience, or to "close any remaining gap between the impulse to buy and the completed act."
Qualcomm is spinning off the unit that houses its Gimbal geolocation beacon technology into a separate company just a few months after it started selling the beacons commercially. The technology behind Gimbal is both a competitor to Apple's iBeacon technology but also compatible with it.
Struggling electronics and wireless retailer RadioShack said it will shutter as many as 1,110 stores across the United States as it seeks to turn itself around with a smaller footprint.
Best Buy, which has suffered from recent financial struggles, is the largest single retailer for mobile phones in the United States with 13 percent of sales, according to a survey from Consumer Intelligence Research Partners.
BLOOMINGTON, Minn.--Verizon Wireless unveiled a new retail concept meant to highlight connected devices on its LTE network, part of a broader national retail effort to educate consumers about LTE devices beyond smartphones, tablets and hotspots.
Carphone Warehouse said Andrew Harrison will take on the role of CEO starting next month, as a shakeup at Europe's largest independent mobile phone retailer will also see its founder and chairman Charles Dunstone resume a more hands-on role.
LAS VEGAS--Walmart's top mobile executive said that the Straight Talk service offered by América Móvil's U.S. MVNO, TracFone Wireless, is the fastest growing part of its sprawling mobile business.