RadioShack Files for Ch11 Bankruptcy, Could Close Up to 2,600 Stores

Having been expected for months, RadioShack has finally filed for Chapter 11 bankruptcy organization with a plan that will see it sell from 1,500 to 2,400 stores of its 4,100 operated stores and close the remainder. The plan would make Sprint the primary brand on the stores and not RadioShack. Fort Worth-based RadioShack’s petition includes an asset purchase agreement with General Wireless Inc., an affiliate of Standard General, RadioShack’s...



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