FORT WORTH—RadioShack Corp. said in an SEC filing Thursday that a Chapter 11 reorganization or Chapter 7 liquidation were both near-term possibilities as it struggles with mounting quarterly losses. Those losses persisted into the quarter that ended August 2, for which the Fort Worth-based electronics retailer reported double-digit year-over-year declines in total revenues and same-store sales.

“We have experienced losses for the past two years that continued 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 its stock price fell below $1 per share during the most recent quarter. In view of negative cash flows from operations and with an eye toward meeting its long-term cash needs, the company is exploring its alternatives, which also include a sale of the company or partnership through a recapitalization or a restructuring in or out of court.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.