PANAMA CITY — The Radio Shack location in the Panama City Mall is one of thousands facing closure in the U.S. after the company announced it filed for Chapter 11 bankruptcy protection last week.
The bankruptcy will shut down nearly half of the electronics retailer's 4,000 stores. The Panama City store is listed as just one location on the "potential store closure list" on the company's website. Store officials said Monday they expect the store at the mall to close by the end of March.