NEW YORK (AP) -- Struggling electronics retailer RadioShack has filed for Chapter 11 bankruptcy protection and says it will sell up to 2,400 stores.

The Fort Worth, Texas company has suffered from years of losses.

RadioShack Corp. introduced the first mass-market personal computer and used to be the go-to stop for consumers' home electronics needs. But it struggled as shoppers increasingly shifted to making purchases online and growth in its wireless business slowed.

The New York Stock Exchange suspended trading of its shares on Monday and sought to delist it.

RadioShack had warned of a possible bankruptcy in September, but received rescue financing that kept it afloat. Still, its CEO recently cautioned the chain might not be able to find a long-term plan to stay in business.

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Now this is just from yahoo finance, but I want to talk about it to (I don't want to look like a lazy person). So since the early to mid 2000s, RadioShack has struggled to compete in the industry that's domianted by online retailers like Amazon. Also we've seen Apple, Google and Microsoft, and Sony all start focusing on selling smartphobes. RadioShack however couldn't keep themselves in business on the low margins on these devices, and RadioShack began falling into submission. This past year (including 2014) have gotten much worse for RadioShack, and its remaining cash flow was being burn't through at an alarming rate. Anyway these last few weeks we'd heard news that RadioShack might be going bankrupt, and that it'll be selling its stores to Amazon and Sprint. While it turned out a bit different, it was mostly similar. Anyway while its sad, RadioShack was out of tocuh (just like Nintendo with gaming, only much much worse). Anyway lets mourn the death of this 94 year old company for the last time, soon it'll be a forgot remedy of our lives (well it kind of already was before it declared bankruptcy).

Edit: If a mod could, please move this to another discussion, thanks! Also I clicked yes instead of no, so ummm yeah sorry for that.

What's Radioshack?

RIP Radioshack

It was only a matter of time before it happened.

And here lies one of the last remnants of the olden days. Can't say I will miss them though

I never liked Radioshack anyway. It's just an electronics store built for nerds.

Best Buy is the good stuff.

Last christmas, while shopping for a digital photo frame on christmas day, I went into a radioshack thinking they had one. It was empty except for one customer...who was returning an item. I felt kinda terrible.

It's about time honestly.

I never bought anything from RadioShack but I wonder if it's stores that I pass by will close.

The last time I was in a Radioshack the store clerk tried to tell me their $35 HDMI cable was "better" than Amazon's $8 one.

$35. RIP Radioshack.

Sadly this is all the work of Len Roberts, who began disassembling Tandy Corporation back in the early 1990's.

Prior to the mid-90's, Tandy Corporation was both an electronics retailer, as well as an electronics manufacturer. Everything that Radio Shack sold was manufactured by Tandy Corporation or for Tandy Corporation in mutually owned factories. This retailer/manufacturer duality had, prior to the 1990's, given Tandy Corporation strength and stability during weak economic periods.

It also made Tandy Corporation one of the top innovators in America. Where most people today see Apple and Microsoft as innovators in electronics, it was Tandy Corporation that had been pushing the envelopes, especially in the early 1990's. Tandy was the only American corporation that worked on a rewritable CD, called THOR-CD during development. Tandy Corporation developed a digital tape format that competed with DAT, but also offered backward compatibility with standard analog cassette tapes. Tandy created the Lineaum Tweeter, a tweeter that rather than reverberate like a cone, reverberated like a guitar string. The Tandy/RadioShack TRS-80 Model I was the first manufactured computer (not in kit form) available at retail. While all other computer manufacturers were offering 4-color VGA, Tandy computers offered 16-color CGA.

Tandy weren't simply pioneers in creating their own products, however. They also worked with other manufacturers that were unheard of in the US at the time. Companies like Nokia. The partnership between Tandy corporation and Nokia helped to establish Nokia as a brand in the US. Although Nokia phones were initially sold as RadioShack mobile phones, RadioShack was the first nation-wide chain to carry Nokia phones. V-Tech is a brand that had largely been unheard of in the US, until RadioShack stores began selling V-Tech phones. Tandy had a long-standing relationship with Pioneer, one that existed for decades. With the exception of turntables, and some tape cassette decks, Pioneer manufactured stereo equipment for Tandy. While Western Digital is almost a household name brand for computer hard drives today, back in the 1990's when Tandy Corporation had began working with them, they were a bit player in computer storage attempting to make headway with the concept of having a portion of the controller board affixed to the drive. Something unheard of in prior to Western Digital's development of IDE along with the 3.5" HDD. RadioShack was the first company to standardize their PCs on Western Digital 3.5" IDE HDDs.

What Tandy Corporation became as a result of Len Robert's divestiture of the corporation is RadioShack Corporation. A floundered in the late 90's, into the 2000's trying to find a niche to fill. Long-standing partnerships died, short-term partnerships fizzled, and what RadioShack stores were known for was lost.

Some may say RadioShack is/was for nerds, but the reality is it was an electronic store for the do-it-yourselfer. You could get well-built equipment from RadioShack. I doubt there are much better speakers on the market today than the Optimus MACH-III or Pro-7's.

For those who believe it's a store whose time has passed, only for the store that it has become today. The Tandy Corporation, the RadioShack that existed before Len Roberts took the reins of the company, was a company that innovated and moved the industry with compelling products and concepts. They weren't simply and also-ran retailer hocking someone else's wares.

If RadioShack truly goes under, lament their passing, because they were the last American company that innovated. Not by creating everything, but by working with various companies to develop new consumer products that were innovative.