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RadioShack

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The Five Next Companies to Go Bankrupt in 2015 After RadioShack (RSHC)

By , Staff Writer, Money Morning -

next companies to go bankrupt

RadioShack Corp. (OTCMKTS: RSHC) took another step in its demise on Feb. 5, 2015 when it filed for Chapter 11 bankruptcy. One of the company's biggest issues: it failed to keep up with the times.

And it's not alone in its dogged refusal to adapt. Several businesses are headed down the same path as RadioShack.

Here are the five of the next companies to go bankrupt in 2015 doomed to follow RadioShack's unfortunate demise...

Staples Inc. (Nasdaq: SPLS) Store Closings Part of an Ugly Trend

By , Associate Editor, Money Morning • @DavidGZeiler -

The news that Staples Inc. (Nasdaq: SPLS) plans to close 225 stores illustrates a grim trend in retail that will accelerate over the next couple of years.

The store closings are expected to save Staples $500 million by the end of 2015 and represent 12% of the office supply chain's 1,846 North American stores.

Title: staples nasdaq spls - Description: staples nasdaq spls"Our customers are using less office supplies, they're shopping less often in our stores and more online, and their focus on value has made the marketplace even more competitive," Staples Chief Executive Officer Ronald Sargent said.

The announcement on store closings came amid a disappointing Q4 earnings report. The company's earnings per share of $0.33 were well below expectations of $0.39. Revenue slipped 11% to $5.87 billion, which also missed expectations.

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