RadioShack gets approval to sell leases for 1,100 soon-to-close stores

Bankrupt electronics retailer RadioShack Corp. received court approval Friday to sell the leases to more than 1,100 stores that it will close by the end of this month.

U.S. Bankruptcy Judge Brendan Shannon approved the bidding and auction process for the leases, which has been under way since the Fort Worth, Texas-based chain sought bankruptcy protection earlier this month. An auction will be held Wednesday for leases that draw multiple bids.

There’s plenty of interest among retailers in RadioShack’s…