RadioShack declares bankruptcy

[2/5/15] RadioShack Corp. filed for Chapter 11 bankruptcy protection Thursday after reaching a deal to sell as many as 2,400 of its stores to hedge fund Standard General.

Under the deal, Standard General, which led a rescue loan for RadioShack last year, would acquire between 1,500 and 2,400 RadioShack stores and partner with wireless operator Sprint Corp. to operate as many as 1,750 of them, RadioShack said Thursday.

The bankruptcy filing caps a long decline for a 94-year-old brand that was once considered the go-to place for new technology. By the 21st century, a company that made billions of dollars each year selling niche products like CB radios and portable music players proved ill-equipped to make money in the smartphone era.

[2/3/15] Amazon is reportedly in discussion with RadioShack to buy some of the company's brick-and-mortar stores after the troubled electronics chain files for chapter 11 bankruptcy. Bloomberg says that the Seattle-based e-commerce giant is considering using the stores as showrooms for its hardware, and as pick-up and drop-off centers for items purchased online. Both Amazon and Radio Shack declined to comment on the situation, but two people apparently familiar with the matter said that Amazon may use the locations to give people a chance to try its growing range of hardware, including its range of Kindle tablets, its Fire smartphone, and its new Echo speaker.

[2/2/15]  Inside RadioShack’s Slow-Motion Collapse
How did the electronics retailer go broke? Gradually, then all at once

[2/2/15] (Reuters) - Troubled electronics retailer RadioShack Corp is preparing to shut down the chain in a bankruptcy deal that would see half the stores taken over by Sprint Corp, Bloomberg News reported, citing people with knowledge of the discussions.

The rest of the stores would close down, Bloomberg said. (bloom.bg/16aNrZw)

Sprint and RadioShack have also had talks about co-branding the stores, Bloomberg reported, citing two anonymous sources.

Another bidder could yet emerge to buy RadioShack and continue operating the 94-year-old chain, Bloomberg said.