Ron Burgundy Posted June 10, 2014 Share Posted June 10, 2014 (Reuters) - U.S. electronics retailer RadioShack Corp reported a much bigger-than-expected quarterly loss, hurt by higher promotions in its smart phones and tablets business and weak sales of consumer electronics. Shares of RadioShack, which reported its ninth straight quarterly loss, plunged about 22 percent in premarket trading. The company's sales have been falling since 2010 as it battles executive exits and tough competition from the likes of Best Buy Co Inc, Amazon.com Inc and Wal-Mart Stores Inc, who offer wider selection and lower prices. RadioShack announced plans in March to close up to 1,100 underperforming stores. View the full article Quote Link to comment Share on other sites More sharing options...
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