[jbinto]

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).

[Scoundreller]

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?