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The company is also exploring other options,
including a sale or an investment, to overhaul its balance
sheet, it said in a regulatory filing on Thursday.
RadioShack, whose sales have been in a free-fall since 2010,
said it was working with its lenders and landlords to
restructure its debt and cut costs.
RadioShack shares were down 3.2 percent at 90 cents in volatile
premarket trading.
The company raised doubts about its ability to continue as a
going concern and said it may have to liquidate as a last
resort.
RadioShack stores, which have been around for more than 90
years, were once the go-to shops for budding innovators and
engineers for products that ranged from vacuum tube speakers to
the first mass-produced PC.
The retailer, however, has done little to transform itself into
a destination for mobile phone buyers, losing out to rivals such
as Best Buy Co Inc <BBY.N>, Amazon.com Inc and Wal-Mart Stores
Inc.
The company ended the second quarter with total liquidity of
$182.5 million. Its total debt was $658.0 million, which matures
between 2018 and 2019.
Its net loss widened to $137.4 million, or $1.35 per share, in
the second quarter ended Aug. 2 from $52.2 million, or 51 cents
per share, a year earlier.
Revenue fell nearly 22 percent to $673.8 million.
Same-store sales declined 20 percent.
(Reporting by Ramkumar Iyer and Tanya Agrawal in Bangalore;
Editing by Kirti Pandey and Saumyadeb Chakrabarty)
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