(by Kelly McDonald, Jr) For the second time in just two years, RadioShack has announced bankruptcy. They plan to close around 200 stores and re-evaluate their positions on the other 1,300 that remain. Since the first bankruptcy in 2015, the store had slashed operating expenses by 23 percent, but financial problems persisted.
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One of the main reasons that RadioShack filed again was a partnership with Sprint that failed to materialize any financial gain. Once a stable, reliable company, RadioShack hopes better financial decisions can reverse its recent decline.
