Attorneys on Wednesday outlined a plan under which some holders of RadioShack gift cards would be paid in full for their outstanding balances. Others who hold the electronic retailers’ gift cards, however, would be left with pennies on the dollar, if anything.
A Delaware bankruptcy judge has approved the sale of assets of RadioShack to hedge fund Standard General LP that will keep more than 1,700 stores open and preserve more than 7,000 jobs.
RadioShack creditor Salus said that it will not improve its bid as it fights with another buyer, hedge fund Standard General, for the electronics chain based in Fort Worth.
Thinking about getting a deal at RadioShack? We have the list of stores closings and more than 50 of them are right here in North Texas.
Struggling electronics retailer RadioShack has filed for Chapter 11 bankruptcy protection and says it will sell up to 2,400 stores.
The signal from RadioShack Corp., the company that introduced the first mass-market personal computer, is fading after years of heavy losses and the suspension of its shares.
The U.S. Department of Labor is investigating how RadioShack manages its retirement plan for employees, according to a regulatory filing.
RadioShack is bringing in an adviser in the midst of another round of cost cuts as the troubled electronics retailer warned last week that it may have to seek bankruptcy protection.
RadioShack’s third-quarter loss widened, sales dropped for the eleventh consecutive quarter, and the electronics retailer announced more cost cuts to stay afloat.
RadioShack has hired former Treasury Department adviser Harry J. Wilson to help with its turnaround efforts.
RadioShack says it has inked deals with a group of investors to restructure part of its debt and access funds, moves aimed at giving the struggling consumer electronics retailer more financial breathing room.
RadioShack says it may need more capital to help complete its turnaround efforts.