US electronics giant Radio Shack has filed for bankruptcy protection for the second time in a little over two years.

The Texas-headquartered retailer says it will shutter 187 stores and is “evaluating options” for the remaining 1300. As many as 365 more may be closed or taken over by wireless provider Sprint, which operates concessions in many Radio Shack locations.

President and CEO Dene Rogers says since Radio Shack last filed for bankruptcy protection in 2015 it has made progress stabilising its operations. Operating overheads have dropped 23 per cent.

The company is currently owned by General Wireless, a subsidiary of hedge fund Standard General, which bought it from bankruptcy last time.

The company is blaming its latest woes on the failure of the partnership with Sprint to deliver the level of profitability expected.