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Fitch pointed out that RadioShack had not received consent from its lenders to close up to 1,100 stores as contemplated by management. Fitch thinks this will lead it to close only 200 stores.
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RadioShack had planned to close 1,100 stores. Lenders including GE Capital blocked the plan and forced the company to cut back the number to 200. Its stock may well trade for pennies very soon.
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courtesy of Radio ShackRadioShack Corp. (NYSE: RSH) has backed away from plans, announced in March, to close 1,100 stores. Two of the retailers’ large creditors refused to support the plan. The...
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RadioShackIf you’re still using an iPhone 4S and were waiting for the iPhone 6 to come out before upgrading to an iPhone 5S which you figured would drop in price to around $100, here’s a better...
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Quarterly results for Abercrombie & Fitch, Bed Bath & Beyond, Family Dollar Stores and Staples suggest they face increasingly difficult business environments. Here is a look at these four...
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ThinkstockBrick-and-mortar retailers have been suffering from slow economic activity for years, as well as from increased competition from online retailers. The rise in store closings is a prominent...
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Despite a new team running the show, and despite that RadioShack has ample liquidity to operate normally for now, the stark reality that up to 1,100 stores needed to be closed only highlights how bad...
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RadioShack reported deeper than expected net losses for the fourth-quarter and full-year 2013 results before markets opened Tuesday morning. The company also said it will close up to 1,000 stores.
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One thing that is clear from the recent J.C. Penney announcement about holiday sales is that the sinking retailer has far too many stores. A restructuring is almost certainly in the offing for J.C....
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RadioShack is actually ticking up on the admission by the company that it has to shed its very outdated image. But investors should ask what the ultimate cost will be in capital spending to live up...
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RadioShackShares of struggling electronics retailer RadioShack Corp. (NYSE: RSH) were up more than 16 percent on Wednesday on news that a hedge-fund manager who likes investing in troubled companies...
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courtesy J.C. Penney Co. Inc.At one point Tuesday morning, shares of J.C. Penney Co. Inc. (NYSE: JCP) had dropped nearly 4.5% before bouncing back. There have been so many problems at the retailer...
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ThinkstockWhether it stems from forecasts of a huge increase in revenue at Amazon.com Inc. (NASDAQ: AMZN) or research posted by the National Retail Federation, traditional shopping that takes people...
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ThinkstockRadioShack Corp. (NYSE: RSH) is one of the 2013 turnarounds that almost looked promising earlier in the year. It turns out that RadioShack’s systemic issues are too much for the new CEO...
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ThinkstockRadioShack Corp. (NYSE: RSH) reported third-quarter 2013 results before markets opened Tuesday morning. The electronics retailer posted an adjusted net earnings per share (EPS) loss of...
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