When a company has filed for bankruptcy and is closing stores, should the leaders who helped it to get there be rewarded with bonuses? That question has come up in the proceedings for RadioShack’s second bankruptcy in just over two years, and the company’s creditors and court-appointed trustee have responded with a resounding “nope.” [More]
chapter 22
Should RadioShack Executives Get $1.4 Million In Bonuses? No, Say Creditors
By 4.20.17 — Updated: 5.9.17
RadioShack Warns State It May Lay Off All Headquarters Employees
By 3.27.17
As twice-bankrupt electronics retailer RadioShack cuts back on its remaining network of stores across the country, the company has notified the state of Texas that it may close its corporate headquarters in Fort Worth at the end of May, or at minimum lay off some of the people who work there as its store network shrinks even more. [More]
Here Are The 365 Stores RadioShack Wants To Close Next
By 3.16.17 — Updated: 5.9.17
RadioShack recently filed for Chapter 11 bankruptcy protection for the second time in just over two years, and the electronics chain has announced plans to close somewhere between 530 and all of its stores, making final decisions in the coming weeks. What we do know is that the company has begun another round of store closings, and a likely list of stores slated to close was filed in the Shack’s bankruptcy case. [More]
RadioShack May Close Somewhere Between 530 And All Of Its Stores
By 3.9.17 — Updated: 5.10.17
For the second time in 25 months, electronics retailer RadioShack has filed for bankruptcy protection. The first time around, The Shack closed just over half of its stores, partnering with Sprint to keep the rest open and preserve thousands of jobs. This week, the company formed to keep the brand going sought permission from the bank to close between one-third and all of its stores. [More]
Wet Seal Files For Second Bankruptcy Since 2015
By 2.2.17
In a move that will surprise no one, young women’s clothing retailer Wet Seal has filed for bankruptcy for the second time in just over two years. This time, the chain will not be re-organizing, and it’s unlikely that a new owner will come along and rescue the business out of bankruptcy. [More]
