RadioShack filed for bankruptcy in February of , after which it closed more than 2, stores nationwide.
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The restructuring plan was meant to capitalize on the brand recognition RadioShack enjoys with consumers, while repositioning it from its longtime reputation for hardware to consumer electronics. Citing anonymous sources familiar with the filing, Bloomberg News reported it's likely the bankruptcy will result in liquidation.
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RadioShack is not the only brick-and-mortar electronics retailer to face headwinds. Best Buy, the nation's largest electronics retailer, posted a dim forecast earlier this month. Smaller competitor HHGregg filed for bankruptcy Monday, announcing plans to close 88 stores.
By Eric DuVall. The company on Wednesday announced it filed for bankruptcy for the second time in two years, meaning it's likely the remaining 1, stores nationwide will be liquidated. Latest Headlines. Pacific Gas and Electric Company announced Saturday it will shut off power for , customers in Northern California in an effort to prevent more wildfires sparked by its electric lines.
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Based on its latest string of thirsty tweets begging people to come and buy the last of its garbage, it seems like the liquidation process is well underway. Au revoir, RadioShack!websrv2-nginx.classic.com.np/herederos-del-paraso.php
RadioShack Successor Likely to Liquidate in Court
You will be sorely missed, but at least some of will have the smell of a dank old clipboard to remember you by. The A.
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- RadioShack Files Liquidation Plan;
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Michael Nunez. Filed to: Good Deal Alert.
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