Wednesday, May 7, 2014

Radio Shack: Boogeying Its Way to Doomsday

Radio Shack to close 1,100 stores on dismal fourth quarter earnings. (Birmingham Business Journal, 3/4/2014)

That's probably still too many.  These closures will leave the chain with over 4,000 stores and 900 franchises locations. 

Radio Shack reported this week a total of $935.4 million in earnings during the fourth quarter of 2013. That represents a 20.1 percent dip from 2012's $1.17 billion in earnings during the same three-month period.

Related posts: 
Radio Shack too far behind to eat Amazon's dust.  (3/4/2014)
It's possible that the Radio Shack slide continues.  (2/5/2014)

No comments: