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RadioShack files for bankruptcy protection

THE once go-to place for consumers' home electronics, RadioShack, has filed for bankrupcty protection after failing to turn a profit since 2011.

A DIMINISHED RadioShack will live on, but its future may lie with Sprint.

STRUGGLING consumer electronics chain RadioShack, founded nearly a century ago, filed for Chapter 11 bankruptcy protection late Thursday. It plans to sell 1,500 to 2,400 stores to its largest shareholder, Standard General, and has filed a motion to proceed with closing the remainder of its 4,000 US stores.

Original URL: https://www.heraldsun.com.au/business/breaking-news/radioshack-files-for-bankruptcy-protection/news-story/c6b9841bb058849a7ca9f66b37d61037