(Forbes) RadioShack, after years of puzzling bottom-seeking stock investors on how it managed to stay in business, filed for bankruptcy on Thursday evening. The retailer, best known to consumers in recent years as a trusty seller of easy to lose cords, chargers and tech accessories, also announced a deal to sell between 1,500 and 2,400 stores to a consortium including Standard General and Sprint while in restructuring.
The bankruptcy filing ends a surprisingly long run for RadioShack. While some electronics competitors such as Circuit City and Nobody Beats The Wiz died years ago, the Ft. Worth, Tx.-based company withstood the Internet age, the rise of Apple and consumers' transition to wireless devices mostly by selling cords, esoteric technological parts, battery packs and adapters.
