RadioShack | KERA News

RadioShack

RadioShack has filed for bankruptcy for the second time.

Just over two years ago, the electronics chain declared bankruptcy and then reorganized its business, closing thousands of stores and selling others to a hedge fund called Standard General, which took over the remaining business through its affiliate General Wireless.

RadioShack Files For Chapter 11 Bankruptcy

Feb 5, 2015
Shutterstock

Update, 6:20 p.m.: ​RadioShack, the Fort Worth-based electronics retailer with a storied past, filed for Chapter 11 bankruptcy Thursday. It will sell as many as 2,400 of its 4,000 stores.

<a href="http://www.shutterstock.com/gallery-931246p1.html?cr=00&pl=edit-00">Ken Wolter</a> / <a href="http://www.shutterstock.com/editorial?cr=00&pl=edit-00">Shutterstock.com</a>

RadioShack's third-quarter loss widened, sales dropped for the eleventh consecutive quarter and the Fort Worth-based electronics retailer announced more cost cuts to stay afloat.

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RadioShack warned Thursday that it may need to file for Chapter 11 bankruptcy reorganization if it can't rework its debt or find another way to ease a cash crunch.

RadioShack

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