Sports Authority said to be at ‘high’ risk of default

RadioShack (RSHCQ), which had nearly 5,000 stores, filed for bankruptcy earlier this month and plans to close about half of them and share most of its remaining stores with wireless provider Sprint (S).

Two teen retailers, Wet Seal (WTSLQ) and Delia (DLIAQ), also have filed for bankruptcy since December, with Delia announcing plans to shut down operations.

CNN Money