Takoma Park Radio Shack Closing

TAKOMA PARK, MD —A once-popular gadget and electronic parts retailer is closing three Maryland stores after filing for bankruptcy for the second time.

A total of 552 Radio Shack stores — more than a third of the company's total stores — are closing this month, according to BusinessInsider.com.

This includes the Takoma Park location at Hampshire-Langley Shopping Center at 1141 University Blvd.

Nearly 190 stores will close immediately and another 365, which are holding "everything must go" liquidation sales, will close by April. Another 1,000 stores will remain on an evaluation list to see if they remain viable. The report noted that the stores that were closing “reflected the lowest sales velocity and highest rent” within the company.

The announcement comes just two years after the company closed around 1,800 stores in a restructuring effort after posting hundreds of millions of dollars in losses. The company closed more than 1,000 stores in 2014 after posting sales losses in 2012 and 2013. At that time, the company had around 4,300 stores.

According to Business Insider, the following Maryland stores will close:

• Hampshire-Langley Shopping Center, 1141 University Blvd, Takoma Park
• Severna Park Mall Shopping Center, 559 Ritchie Hwy, Severna Park
• Rivertowne Commons, 6183 Oxon Hill Rd, Oxon Hill

Story by Tony Schinella, Patch staff

AP Photo/John Raoux