RadioShack Corp.’s proposed bankruptcy financing cleared court yesterday as the retailer continues the process of racing to sell out and shut down some 1,100 stores by the end of the month, the Wall Street Journal reported today. Up to 2,100 RadioShack stores won’t survive the chapter 11 bankruptcy, the company has said. Going-out-of-business sales began Friday at more than 1,700 stores across the country as RadioShack began the process of trimming its collection of more than 4,000 outlets. Liquidators kicked off the process over the weekend by marking down merchandise, seeking to clear out stores as soon as possible so that new tenants can take over. A&G Realty Partners LLC yesterday started shopping around those leases to restaurants, shoe stores, jewelry shops and other retailers that would likely be in the market for a small-format location.
