RadioShack stores to close in Janesville, Delavan
JANESVILLE—One of the Janesville Mall's longest-tenured tenants, RadioShack, plans to close its doors.
According to RadioShack's website, the closure of its location at the mall, 2500 Milton Ave., is one of what could become hundreds the company plans.
RadioShack also plans to close its store in Delavan at Delavan Crossing, 1823 E. Geneva St.
Both closing locations have Sprint stores inside. Those stores will remain open even after the RadioShack stores close. The website advertises both stores are running "clearance sales."
RadioShack also has stores in Evansville and Beloit. The RadioShack website gave no indication Friday that those stores would be closing.
RadioShack's website didn't list a date for closure of either store, and a store employee at the Janesville Mall said he couldn't comment on the closure. Janesville Mall manager Julie Cubbage was unavailable Friday afternoon for comment.
Fort Worth, Texas-based RadioShack has had two Chapter 11 bankruptcy filings in the past two years, the latest of which the company filed earlier this month, according to a Milwaukee Business Journal report.
The Business Journal reported that court filings show RadioShack intends to shutter about 365 of its locations nationwide in the next few weeks, and the company could decide in that time whether it will shutter all its stores.
RadioShack was one of the first stores to locate in the Janesville Mall, according to an earlier Gazette interview with Cubbage.
The mall has grappled with retail tenant vacancies in recent years, including losing one of its anchor tenants, JC Penney, in mid-2014.
The mall, which is owned and managed by CBL Properties, filled JC Penney's vacancy in a big way, landing a Dick's Sporting Goods store in part of the former Penney's space and an Ulta cosmetics store in a smaller portion of space adjacent to Dick's.
The Dick's addition was announced in late 2014, just a few months after JC Penney's closure. Dick's and Ulta opened at the mall in late 2015.