Posts with tag radioshack

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RadioShack corporate memo outlines “lengthy” bankruptcy process




RadioShack_Logo_2013

As had been rumored heavily reported earlier this week, we can confirm that RadioShack has filed for Chapter 11 bankruptcy. Today’s announcement brought an internal memo written by company CEO Joseph C. Magnacca, who outlined the “lengthy” bankruptcy process confirming key details of the announcement, including the sale of “between 1,500 and 2,400” company owned stories to Radio Shack affiliate Standard General and plans for new “dedicated mobility ‘store within a store’ retail” in 1,750 of those acquired stores.

Click through after the break to read the full corporate memo, as delivered to RadioShack stores this evening.