• The Wall Street Journal reports that RadioShack "is preparing to file for bankruptcy protection as early as next month ... following a sputtering turnaround effort that left the electronics chain short on cash." The retailer also is said to be talking to a private equity group "that could buy its assets out of bankruptcy," though there is no assurance of a deal at this time.
The move would come after years during which RadioShack became virtually irrelevant in a world where Amazon and Apple changed the retail landscape, and a more recent past during which company management tried to close and reinvent stores, only to find those efforts fall short for a variety of reasons.
The move would come after years during which RadioShack became virtually irrelevant in a world where Amazon and Apple changed the retail landscape, and a more recent past during which company management tried to close and reinvent stores, only to find those efforts fall short for a variety of reasons.
- KC's View:
