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Radio Shack, which was first started over a century ago, has file for Chapter 11 bankruptcy because of poor profits. Up to 2,400 of their stores will be sold off to investment firm Standard General, the company that has a deal with Sprint to sell their units in mini-shops.

The remaining Radio Shack stores will close.


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Radio Shack Files Chapter 11 Bankruptcy  was originally published on kissrichmond.com