Hacker News Reader

Radio Shack in Canada ended up in a similar situation. In 2005, they sold to Circuit City and opened as a rebranded store called "The Source" (after a brief legal dispute about the Radio Shack name).

When Circuit City went bankrupt in 2009, they sold the chain to Bell Canada (our version of Sprint or Verizon).

View on HN

And in a similar vein in Canada, Black's, a photofinisher and photography related goods vendor could not adapt to the digital world. The chain was sold to Telus (a competitor to Bell).

It seems to be a common trend for bankrupt chains' leases in Canada to get bought up for the instant network of stores.

Is this a rare phenomenon in the US?

Reply on news.ycombinator.com