A RadioShack store in Washington, D.C.
(Image credit: Saul Loeb/AFP/Getty Images)

For the second time in two years, RadioShack has filed for bankruptcy.

The electronics store filed its petition in a Delaware bankruptcy court Wednesday, The Associated Press reports, and plans on closing about 200 stores. RadioShack President and CEO Dene Rogers said in a statement that the company has reduced operating expenses by 23 percent since 2015, but a partnership with Sprint has not been as profitable as expected.

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Catherine Garcia, The Week US

Catherine Garcia is night editor for TheWeek.com. Her writing and reporting has appeared in Entertainment Weekly and EW.com, The New York Times, The Book of Jezebel, and other publications. A Southern California native, Catherine is a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.