Last week, electronics chain Radio Shack filed for bankruptcy following decline in its wireless offerings and struggles to keep up with online shopping. The company reportedly plans to close at least 1,784 locations across the country by the end of March. In Lexington, several Radio Shack stores will be closing, two by the end of February and one in late March.
Sources did not provide details of the company's financials or creditors as listed in its bankruptcy filing, except to say that Radio Shack's creditor Standard General announced that it may attempt to reuse some storefronts for cell phone sales centers. As far as what Radio Shack has planned after the bankruptcy, no details were provided.
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