RadioShack files for bankruptcy again
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 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.
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