RadioShack’s owner is preparing to seek bankruptcy protection for the second time in as many years, according to people familiar with the matter, as the 1,500-store chain looks to further shrink to survive. Parent company General Wireless Operations Inc. is in discussions with partner Sprint Corp. and potential strategic investors about reducing the chain’s footprint and could file for chapter 11 protection as soon as Tuesday, the...

Source: Wall Street Journal March 06, 2017 23:37 UTC