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RadioShack may file for bankruptcy @RadioShack

Radioshack Logo 2013

RadioShack Says It May File for Bankruptcy | Re/code.

Troubled electronics retailer RadioShack said Thursday it may need to file for bankruptcy protection if its cash situation worsens, after reporting its tenth straight quarterly loss.
The company said it was also exploring other options, including a sale or an investment, with liquidation as a last resort.

RadioShack, whose sales have been in free-fall since 2010 as it struggled to compete with internet retailers, said in a regulatory filing it was working with its lenders and landlords to restructure its debt and cut costs.

“It would surprise me if we got to Nov. 1 without a bankruptcy,” Wedbush Securities analyst Michael Pachter told Reuters.
RadioShack shares, which are in danger of being delisted from the New York Stock Exchange, were up two percent at 95 cents in volatile early trading.

Read more & previous RadioShack posts.



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1 Comment

  1. Possibly Unpopular Opinion

    Some dot-com billionaire should scoop up RS after bankruptcy, then merge it with MakerMedia and TechShop, and become the Michael’s Crafts / Home Depot of the maker/hacker world.

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