File - RadioShack evokes nostalgia at its locations in the heart of American cities, including New York, pictured here.
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The 94-year-old consumer electronics chain RadioShack Corp., filed for bankruptcy with a plan to turn about half of its 4,000 stores into Sprint Corp. locations and close the rest.Standard General has a deal with wireless carrier Sprint to set up stores-within-stores at as many as 1,750 locations. The rest will be shuttered under a deal with a liquidator, Hilco Merchant Resources.The Sprint deal is especially telling, as RadioShack was one of the first mass market retailers of mobile phones.The company was bought by Tandy Corp. in 1963 .In 2000, Tandy changed its name to RadioShack.The company also asked Carey to let it continue paying vendors to keep products flowing to stores.
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