RadioShack is putting together a plan to close half of its stores and sell the other half to Sprint, according to a Bloomberg News report Monday.
RadioShack said Thursday that it has received a "a continued listing standards notice" from the New York Stock Exchange. The listing came because, according to rules, "average market capitalization of the Company was less than $50 million over a period of 30 consecutive trading days and stockholders' equity of the Company was below $50 million."
RadioShack Thursday posted another nine-figure loss, posting a loss of $161.1 million, compared with $135.9 million these same time last year.
RadioShack has announced that it retained The MAEVA Group in order to "provide advisory services to RadioShack's Board of Directors and management as the Company moves forward with its operational and financial turnaround."
When Apple announced its retail partners for its new Apple Pay service earlier this fall, several major companies that sell consumer electronics- including Best Buy and Walmart- was not on the list, although RadioShack was.