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2012 Annual Reporter Fellow Shareholders: Radio Shack is an icon in the American retail landscape with a 90year heritage, an extensive network of stores and one of the most highly recognized brands
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RadioShack filed for bankruptcy due to declining sales and an inability to compete with online retailers.
RadioShack, as a company, was required to file for bankruptcy.
RadioShack had to go through the legal process of filing for bankruptcy in order to address their financial situation.
The purpose of RadioShack filing for bankruptcy was to reorganize their finances and potentially restructure the company.
RadioShack had to provide information about their financial situation, debts, assets, and plans for restructuring.
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