Thursday, September 11, 2014

MC2 Post 1911 RadioShack Says It May Need to File for Bankruptcy






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

 
 
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