Mar 09, · RadioShack Files For Bankruptcy. Again: The Two-Way The electronics chain closed thousands of stores in and restructured the remaining business in an attempt to stabilize sales. Mar 09, · RadioShack has filed for its second bankruptcy in two years, placing the future of its remaining stores in doubt. The company says it will move to . Radios, Headphones, TV Antennas, Cables & Adapters, DIY Tools & Parts, Electronics Maker Kits. + RadioShack locations across America and more on the way!
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The electronics field has been particularly hard hit. Circuit City filed for bankruptcy in and then went out of business. Federal statistics show that almost 6, electronics and appliance stores have closed in the United States in the past decade, or more than one in Travel back in gadget time with RadioShack.
Personal Finance. CNNMoney Sponsors. SmartAsset Paid Partner. The workers' morale and the company's profits slipped even further. Because RadioShack had experienced negative earnings since , the company needed significant capital infusions to stay solvent. As the RadioShack's cash burn accelerated in , the company attempted to close over a quarter of its stores to stop the cash outflows; however, Salus thwarted the closure efforts due to a lack of confidence that the company's business plan would succeed.
This accelerated the bankruptcy filing due to lackluster holiday season sales and continuing cash burn. Company Profiles. Your Money. Personal Finance. Your Practice. Popular Courses. Business Company Profiles. Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Related Articles. Company Profiles 5 Companies Owned by Walmart.
Company Profiles 5 Companies Owned by Amazon. RadioShack Files For Bankruptcy. Again : The Two-Way The electronics chain closed thousands of stores in and restructured the remaining business in an attempt to stabilize sales. On Wednesday, the new parent company filed for bankruptcy. Facebook Twitter Flipboard Email. March 9, PM ET. Enlarge this image. Radio Shack bankruptcy.