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RadioShack AO Message Board

  • shackitup69 shackitup69 Feb 15, 2013 1:23 PM Flag

    Unprofitable Store Closings A+

    Forecast store closings: 450 to 550

    Number of U.S. stores: 4,412

    One-year stock performance: -68.1%

    Earlier this month, RadioShack's long-term prospects as a viable company took another hit when its partnership with Target ended after neither side could come up with a mutually beneficial deal. The company had operated mobile kiosks at 1,500 Target locations across the country. Shares of the consumer electronics company are down by roughly 68% over the past year. The company recorded an operating loss of nearly $60 million in the third quarter of 2012. Same-store sales in the quarter dropped by 1.6% year-over-year. Revenue in the quarter fell by 3.8% year-over-year. Between 2010 and 2011, the company closed 2.2% of its existing locations--more than 120 locations in all.

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