Texas Trial & Business Law Blog

Thursday, February 5, 2015

RadioShack Files Chapter 11

Consumer migration to online shopping over a physical storefront is a clear trend and demonstrates rapidly changing business models. RadioShack Corp. is the latest casualty of this trend filing Chapter 11 bankruptcy today with an initial plan to sell all its stores.  The venerable electronics company has been around for 94 years.  Many stores closed abruptly on Sunday, February 1 with only a few hours notice to employees.

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