Dive Summary:

• After repeated attempts to reverse the trend of declining revenues, RadioShack is reporting second quarter losses on same store sales at 1.3%, according to figures from Retailing Today.
• The total losses claimed by the company reached $53 million, more than twice the total losses of $21 million during the same period in 2012.
• "Looking ahead, we expect the turnaround to take several quarters, and during that time our results may vary from quarter to quarter as we make strategic changes to improve our long-term financial performance,” said RadioShack CEO Joe Magnacca.

From the article:

The company also announced that CFO Dorvin Lively left to pursue another opportunity after roughly two years with the company. Lively was named CFO at New Hampshire-based Planet Fitness, an operator of 650 health clubs with 4.5 million members. Filling Lively’s shoes on an interim basis is Holly Etlin, a managing partner at AlixPartners.