It was as inevitable as the sun rising, but RadioShack finally filed for Chapter 11 bankruptcy protection on February 5. It’s the fifth retailer to file for Chapter 11 since the traditional kickoff of the 2014 holiday season. Here’s a look at which retailers are restructuring, and which one is riding off into the sunset.
RadioShack announced this week that it plans to close 1,100 under performing stores as well as huge losses in its fourth quarter earnings. According to its Q4 financials, the electronics retailer reported that net sales and operating revenues for the quarter decreased to $935.4 million from $1.17 billion in the same quarter last year