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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