A RadioShack store in Miami.
A RadioShack store in Miami. - 
Listen To The Story

RadioShack is preparing to shut down amid bankruptcy.  The chain has over 4,000 U.S. stores, but they have been struggling for quite some time. Things finally came to a head as the 'Shack lost about 90 percent of its value over the past year, and shares sunk Monday.

"One of the most common sentiments I heard when I first started making phone calls for this story was 'I can’t believe it’s taken this long for this to happen to RadioShack,'" says Josh Brustein of Bloomberg.

Sprint and Amazon have separately been in talks with RadioShack about acquiring some stores and closing the rest.

"For the last couple of months, RadioShack has really been kind of circling the drain," says Brustein. "It’s been clear that the most likely outcome was bankruptcy – that doesn’t mean that it would disappear altogether. But basically, what has to be sorted out in bankruptcy is what happens to all these stores."

“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VA

As a nonprofit news organization, what matters to us is the same thing that matters to you: being a source for trustworthy, independent news that makes people smarter about business and the economy. So if Marketplace has helped you understand the economy better, make more informed financial decisions or just encouraged you to think differently, we’re asking you to give a little something back.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.

Follow Kai Ryssdal at @kairyssdal