From: http://www.nbcnews.com
The retailer whose name was once synonymous with electronics says it may be headed for bankruptcy or even liquidation. RadioShack said Thursday it may need to file for Chapter 11 if its cash situation worsens, after reporting its tenth straight quarterly loss. The company is also exploring other options, including a sale or an investment, to overhaul its balance sheet, it said in a regulatory filing. RadioShack, whose sales have been in a free-fall since 2010, said it was working with its lenders and landlords to restructure its debt and cut costs.
Link: http://www.nbcnews.com/business/business-news/radioshack-says-it-may-need-file-bankruptcy-n200851
Link: http://www.nbcnews.com/business/business-news/radioshack-says-it-may-need-file-bankruptcy-n200851
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