Ron Burgundy Posted December 11, 2014 Share Posted December 11, 2014 By Sruthi Ramakrishnan (Reuters) - Electronics retailer RadioShack Corp said lenders have not agreed to the closure of 1,100 stores, raising doubts about its turnaround and sending its shares down 7 percent. RadioShack, which warned of bankruptcy in September, was forced to reduce its target of 1,100 closures to 600 over three years after objections from lenders. "We view the headwinds facing RSH as insurmountable," CRT Capital analyst Kirk Ludtke wrote in a note. He said the company may file for bankruptcy. ... View the full article Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.