RadioShack’s Troubles Mount; Sale of Stores Looks Likely
The events that will determine RadioShack's future are unfolding quickly. Pressures continued to mount for the Fort Worth, Texas-based retailer to file bankruptcy, according to reports Monday. The speculation centers on whether the 94-year-old retailer is preparing to shut down its business or has a chance at a court-supervised reorganization. RadioShack hasn't confirmed that it's closing stores, but the signs are there. The company made no announcements Monday, but its lenders, led by Salus Capital Partners, sent the company a second default notice on its $250 million loan.