Radio Shack, a company that once had a store on almost every corner, is very close to being a retail history footnote.
Radio Shack Story
Originally Posted By: From Article
The company’s earnings report showed sales dropping 20 percent and its loss doubling year-over-year in the second quarter.
Originally Posted By: From Article
Wednesday, Wedbush Securities analyst Michael Pachter said in a report where he lowered his price target for the stock to $0, that a bankruptcy filing was imminent.
“RadioShack’s operational decisions are now being vetted by creditors and equity investors are no longer relevant to management decisions the creditors clearly are in control of the ship and, in our view, the ship is sinking,” Pachter said.
It's too bad-at one time they had a thriving business but managed to miss the boat with online sales. Add to that mostly clueless store employees, stores that still looked like the 1970's and limited merchandise it's clear that Radio Shack is a company whose time has come and gone.
Radio Shack Story
Originally Posted By: From Article
The company’s earnings report showed sales dropping 20 percent and its loss doubling year-over-year in the second quarter.
Originally Posted By: From Article
Wednesday, Wedbush Securities analyst Michael Pachter said in a report where he lowered his price target for the stock to $0, that a bankruptcy filing was imminent.
“RadioShack’s operational decisions are now being vetted by creditors and equity investors are no longer relevant to management decisions the creditors clearly are in control of the ship and, in our view, the ship is sinking,” Pachter said.
It's too bad-at one time they had a thriving business but managed to miss the boat with online sales. Add to that mostly clueless store employees, stores that still looked like the 1970's and limited merchandise it's clear that Radio Shack is a company whose time has come and gone.