Amazon has entered into talks with the struggling RadioShack Corporation concerning the purchase of several of the electronic retailer’s store locations, pending the company’s expected bankruptcy filing.
If the deal goes through, the brick-and-mortar stores could be used by Amazon to display products, or as pickup and drop-off centers for items purchased and sold through the company’s online marketplace.
As explained by Bloomberg Business, the move represents Amazon’s push to enter the traditional retail sector and compete with Apple, which has more than 400 locations worldwide.
However, Amazon is not the only company eyeing RadioShack. Sprint has discussed moving into some of the 4,000 RadioShack stores and even co-branding the locations, while the investment group behind Brookstone has been identified as another potential bidder.
While RadioShack has not officially declared bankruptcy yet, the company has posted losses for the past two years and lost 90 percent of its value in the last year. On Monday, the New York Stock Exchange halted trading of RadioShack stocks due to the company’s financial decline.