Results 1 to 8 of 8
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
Threaded View
-
02-17-2006, 03:13 PM #1
RadioShack Closing Up to 700 Stores
http://www.10news.com
RadioShack Closing Several Hundred Stores
POSTED: 11:59 am PST February 17, 2006
DALLAS -- RadioShack said it plans to close up to 700 stores after reporting profits in the latest quarter dropped 62 percent from a year ago.
It also plans to shutter distribution centers in Charleston, S.C., and and Southhaven, Miss., to improve its financial performance.
The consumer electronics retailer says, excluding one-time items, it earned 38 cents a share.
RadioShack blames falling sales of higher profit-margin items and said sales of wireless phones were disappointing.
All the stores targeted for closing are company-operated. There are a total of nearly 7,000 RadioShack stores.
At midday, RadioShack shares were down nearly 8 percent, down $1.60 to $19.15.Support our FIGHT AGAINST illegal immigration & Amnesty by joining our E-mail Alerts at http://eepurl.com/cktGTn
10% To 27% of 30 Million Non-Citizens Are Registered To Vote
05-15-2024, 10:29 AM in General Discussion