RadioShack Hangs On, Looks to Save a Few Stores

RadioShack, the once powerful electronics retailer that has been beset with life-threatening financial problems in recent years, is still working to preserve part of the company.

The courts have granted the company preliminary approval for a Chapter 11 bankruptcy reorganization plan that would leave the electronics retailer with an online presence, a dealer network, and somewhere between zero and 28 physical stores, according to a recent report in The Wall Street Journal.

A hearing for confirmation of the final plan has been set for late October. A positive outcome would at least enable RadioShack to participate in the 2017 holiday selling season.

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