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Heard on the Street: More RadioShacks will be closing

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The Faribault and Owatonna RadioShack locations are on a list of stores across the country scheduled to close.

Faribault store manager Rich Angell said the closure is coming around the end of March.

"RadioShack is under new ownership, and they're closing 40 stores across the nation," Angell said. "And we're one of those stores."

RadioShack previously closed more than 1,700 stores following the filing of Chapter 11 bankruptcy in February 2015. After Standard General-affiliate General Wireless gained ownership following a $160 million offer, another spate of closures is taking place in Spring 2016.

As part of an agreement between General Wireless and Sprint, more than 1,000 locations included a mobile "store within a store."

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While the Faribault location survived the three initial closure dates from mid-February 2015 to the end of March in the same year, it will be closing its doors on March 29.

Angell said the store's three employees have been contacted regarding the path forward after the closing date.

"We're sad to see our Faribault and Owatonna store locations close. In the normal course of business stores open, close and move locations," a RadioShack spokesman said in a statement. "We always try to keep any disruption within the neighborhood to a minimum. The stores will be closing by the end of the month."

Rochester's RadioSchack store in Apache Mall closed earlier this year.

The 40 stores Angell referenced closing could not be confirmed, as questions regarding the extent of the closures were unanswered by RadioShack personnel. — news services.

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