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Electronics retailer RadioShack Corp (RSH.N) might prepare to file for bankruptcy protection by next month, the Wall Street Journal reported citing people familiar with the matter.
Texas-based Radioshack is in talks with a private-equity firm that could buy its assets out of bankruptcy, the Journal reported, citing sources.
The talks may not produce a deal, and RadioShack may opt for other debt-restructuring options that do not include a sale, the Journal said.
RadioShack has reached out to potential lenders that could provide a loan to fund its operations during the bankruptcy case, the Journal added.
RadioShack was not immediately available for comment.
The retailer, which reported a bigger-than-expected third-quarter loss last month, warned in September that a bankruptcy filing was a possibility.
Just the other day I was explaining to my sixteen-year-old daughter how many brands that seemed like they would last forever are going by the wayside. Blockbuster is the prime example for her because she remembers going there when she was little and now its brick and mortar stores have vanished.
RadioShack was a frequent go-to for us road comics and our various electronic needs as we spent weeks away from home.
Every time I think about these dying brands (and the malls) I get a little nostalgic.
Then I order something from Amazon to make me feel better.
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