weather icon Clear

Lone county RadioShack to remain open

While RadioShack Corp. has listed nearly 1,780 locations for closure as part of its bankruptcy, the one in Pahrump is not on the initial list.

While employees at 250 S. Highway 160 in the Albertsons Plaza confirmed the store is not on the list, they declined comment sighting corporate policy.

The store is the only location in Nye County. The company currently has 37 stores in Nevada.

The news comes as seven stores in the Las Vegas and one in Henderson were placed on the closure list. Eight more in northern Nevada will also close.

The financially struggling electronics retailer, which was founded 94 years ago, filed for Chapter 11 bankruptcy protection Feb. 5 in Delaware, claiming $1.38 billion in debt, according to court documents.

The company, which helped usher in the era of personal computers and mobile phones, has about 4,000 stores nationwide, and 27,500 part- and full-time employees.

Hedge fund Standard General is acting as the “stalking horse” or lead bidder for the purchase of up to 2,400 stores. RadioShack is proposing an expedited sale process that would be completed within 45 days. Standard General has separately reached an agreement with Sprint to form a “store within a store” in up to 1,750 of the RadioShack locations.

Separately on Friday, RadioShack Corp. said it will use a $285 million debtor-in-possession financing from DW Partners LP, a credit-focused fund manager, to back its operation during Chapter 11.

RadioShack traces its roots to 1921, when it opened a store and mail-order operation in Boston to serve the needs of radio officers aboard ships. It was bought in 1963 by Tandy Corp., a retailer that started as a supplier of leather parts to shoe repair shops.

For a time, RadioShack prospered from Americans’ growing love affair with technology. It introduced one of the first mass-market personal computers, the TRS-80, in 1977, and one of the first laptops, the Model 100, in 1983. It also was an early seller of cellphones and satellite television systems.

Reuters and CNN contributed to this report.

Don't miss the big stories. Like us on Facebook.
Balloons are back: Pahrump festival will see a 9th year

The Pahrump Valley Chamber of Commerce’s decision to cancel the 9th Annual Pahrump Balloon Festival earlier this year was a source of much dismay and disappointment for area residents but thanks to the efforts of the Dubin family and Balloons Over Pahrump, the event is now set to make a comeback this fall.

How Pahrump came together to feed veterans at the Rib Extravaganza

Rising to a challenge posed just three days prior to the big event, the Pahrump community came through in a big way for the “Support Our Troops Rib Extravaganza” with combined donations totaling more than $4,000 and hundreds of veterans able to enjoy a hearty lunch at absolutely no cost.

Nye County’s CASA holding Hawaiian vacation raffle

Since the onset of the pandemic in March 2020, nonprofits across the country have been hit hard with reduced funding, but the needs those organizations fulfill have certainly not lessened.

Nye County sheriff completes chemotherapy

Nye County Sheriff Sharon Wehrly gave an update on her health following a cancer diagnosis last year.

Pahrump butterfly release a tribute to lives lost

One hundred live butterflies were released during the annual Nathan Adelson Hospice butterfly release at the Calvada Eye this past Sunday.

Officials seek funds for new convention center as part of Pahrump Fairgrounds development

Nye County and the town of Pahrump have been making steady strides in the last few years toward developing the Pahrump Fairgrounds and Tim Sutton, manager for both the town and county, outlined all that has been accomplished at the site and what’s still to come in the future.

Greenlink opponents fear it will open ‘Pandora’s box’

Many are expressing economic and environmental concerns about the instrusive power project that will run transmission lines through Beatty and other parts of Nye County.