FORT WORTH—RadioShack Corp. said in an SECfiling Thursday that a Chapter 11 reorganizationor Chapter 7 liquidation were both near-termpossibilities as it struggles with mounting quarterly losses. Thoselosses persisted into the quarter that ended August 2, for whichthe Fort Worth-based electronics retailer reported double-digityear-over-year declines in total revenues and same-store sales.

“We have experienced losses for the past two years thatcontinued to accelerate into the second quarter of fiscal 2015,primarily attributed to a prolonged downturn in our business,”according to RadioShack's SEC filing, which also reported that itsstock price fell below $1 per share during the most recent quarter.In view of negative cash flows from operations and with an eyetoward meeting its long-term cash needs, the company is exploringits alternatives, which also include a sale of the company orpartnership through a recapitalization or a restructuring in or outof court.

Although a recap appears to be RadioShack's most likely courseof action, “we are continuing to evaluate all of our alternativesto restructure existing debt terms and other arrangements toprovide additional liquidity,” according to the SEC filing. “Therecan be no assurance that we will be able to successfully implementa long-term solution.”