RadioShack, an icon of the golden era of electronics retailers, is sending signals that it may soon be signing off.
The company's stock is being removed from listing on the New York Stock Exchange, another blow for the retailer as it limps toward bankruptcy.
BREAKING. @nyse says it is suspending trading in RadioShack Corporation, effective immediately and will begin delisting proceedings.— Charlie Kaye (@CharlieKayeCBS) February 2, 2015
Few companies have endured a fall as precipitous as RadioShack's. After peaking in the late 1990s, the company suffered from steadily declining sales. The company had announced a cost-cutting plan in late 2014 as it fought with lenders over its operations.
This stock chart starting in 2000 highlights the steep fall.
Most indications are that the company is circling the drain. A bankruptcy plan that would include a plan the sale of about half of its stores to Sprint is in the works, according to a report from Bloomberg.