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Radioshack Corp
RadioShack Corporation (RSH) was a public company based in the United States that operated in the consumer electronics industry. However, it is important to note that RadioShack filed for Chapter 11 bankruptcy in 2015 and subsequently went through a series of financial restructurings. As a result, the company's stock was delisted from the New York Stock Exchange (NYSE) and is no longer actively traded.
Before its bankruptcy, RadioShack was a well-known retailer of consumer electronics and wireless communication products, with a history that dates back to 1921. The company operated a chain of brick-and-mortar stores across the United States and had a significant presence in the electronics market.
In terms of financial performance, RadioShack had faced several years of declining sales and financial losses leading up to its bankruptcy. The company had struggled to compete with online retailers and big-box stores, and its business model had become increasingly outdated in the face of changing consumer preferences and technological advancements.
In its most recent financial statements before the bankruptcy, RadioShack reported net losses of $400.2 million and $139.4 million in fiscal years 2014 and 2013, respectively. The company's revenue had also declined significantly in recent years, with net sales of $3.43 billion and $3.83 billion in fiscal years 2014 and 2013, respectively. These financial challenges contributed to the company's eventual bankruptcy and delisting from the NYSE.
It is worth noting that after its bankruptcy, RadioShack's brand and intellectual property were acquired by a new entity called RadioShack Corporation, which aimed to revitalize the brand and continue its operations as a retailer of consumer electronics. However, the company's financial performance has not improved significantly since the acquisition, and its stock is not actively traded on any public stock exchange.