Hacker News has learned that the online electronics retailer JameCo has filed for bankruptcy.
The company announced the bankruptcy filing on Wednesday.
JameCorp, which has been in the bankruptcy process since late last year, filed for Chapter 11 protection on Tuesday.
The filing comes just days after the company announced that it would no longer sell any electronics online.
Jameco’s filing in bankruptcy court means that the retailer is forced to sell all its inventory and products at the local retailer’s cost.
It’s unclear whether the retailer will continue to sell online products or whether it will start selling products at its retail stores.
At this point, it’s not clear if Jame Corp. plans to continue selling online or if it plans to shut down its online store.
Last month, a bankruptcy court judge approved the retailer’s request to sell its business online, and Jame’s CEO and co-founder Mike Stuhr also revealed plans to close all stores.
JameCo is the second retailer to file for bankruptcy in the last two weeks.
In early February, a company called SodaStream announced it would shut its doors after the filing of its bankruptcy.