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Future of RadioShack is still uncertain despite efforts

Published July 12, 2013
By
Philip Nations Contributing Editor

Dive Summary:

  • RadioShack unveiled its new concept store July 1st in Manhattan, but some industry experts believe much uncertainty remains over the company’s future.
  • RadioShack’s same-store sales totals sank 5.7% through the first quarter as the company undergoes a series of structural changes to revive profitability.
  • Former Walgreens executive and new RadioShack CEO Joe Magnacca has instituted a number of sweeping changes which include in-store redesign and a new logo, but the future of the company is still uncertain.

From the article:

On Apr 23, RadioShack reported its first quarter results which were pretty dismal. Comparable same store sales fell 5.7%. Inventory was up 27% and margins eroded. RadioShack expected continued weakness in first half of 2013. It’s scheduled to report second quarter results on July 24 so further details will soon be forthcoming.
 

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