U.S. electronics chain RadioShack Corp filed for bankruptcy on Wednesday for the second time in a little over two years, faced with a challenging retail environment and an unsatisfying partnership with wireless provider Sprint Corp. Sprint will convert several hundred locations into Sprint corporate-owned stores, the wireless provider said in a separate statement. At the time, Sprint viewed RadioShack’s retail footprint as a way to quickly scale up its own business. But, in the years since RadioShack has emerged, both Sprint and RadioShack have been challenged. Still, in the years since its first bankruptcy, RadioShack has focused on expanding its private label offerings, which include drones, radios and adapters, and now makes up the majority of its business.

Source: Huffington Post March 09, 2017 03:22 UTC