RadioShack to slow sale process; GameStop eyes stores

Bankrupt RadioShack Corp will slow the process of selling its surviving stores, while GameStop Corp has expressed interest in some of its 1,100 locations that are being closed this month, a lawyer for the electronics retailer told a judge on Wednesday. The company is holding an auction later on Wednesday for the leases to the 1,100 stores. RadioShack entered Chapter 11 bankruptcy earlier this month with about 4,000 stores. It plans to sell about 2,000 to an affiliate of hedge fund Standard General, which plans to operate them with wireless company Sprint Corp.

via Business News http://ift.tt/1DUdEZD