RadioShack has emerged from its steady decline with a big new rebirthing plan: Act more like a convenience store, according to a Washington Post analysis today. After the store waved the white flag of chapter 11 bankruptcy in February, its biggest creditor, Salus Capital Partners, fought to liquidate the Shack and squeeze out whatever value the brand had left. But Standard General, a hedge fund, pushed to keep open 1,740 of RadioShack's 4,000 stores, and a Delaware court last week approved the fund's takeover proposal. In its new life, the surviving Shacks plan to drop the unprofitable big-name gadgets — like cameras, laptops and tablets, which shoppers increasingly scooped up online — and the company will rebrand itself as "the premier community destination for consumer electronics," a national bodega of batteries and earbuds.
