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Lowered costs to counter declining sales
- NEW YORK (MarketWatch) -- RadioShack Corp. on Monday swung to a better-than-expected third-quarter profit after it lowered costs to counter declining sales. The electronics retailer expects higher fourth-quarter profit despite a "challenging" and competitive holiday season. RadioShack shares advanced 6.2% to $20.84.
www.marketwatch.com › story › radioshack-swings-to-profit-on-lower-costs
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Sep 2, 2014 · RadioShack Corp. was a big mover last session, as the company saw its shares rise nearly 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal...
- High Store Concentration
- Online Competition
- Product Concentration
- Management Problems
- Financial Missteps
In 2014, RadioShack operated about 4,300 stores in North America. However, there were many stores that were located too close to each other. For example, there were 25 stores near Sacramento, California, located within a 25-mile radius, and seven stores within five miles around Brooklawn, New Jersey. With so many stores within close proximity to ea...
Relying solely on its brick-and-mortar sales network, RadioShack began experiencing significant profitability and sales pressure, as consumers were buying electronics parts and other gadgets from online retailers such as Amazon and eBay. For many consumers, RadioShack became irrelevant; any electronics part could be purchased cheaper with a click o...
In the early 2000s, the company made a strategic shift towards selling cell phones and accessories that proved to be lucrative for some time. By 2014, cellphones alone accounted for about 50% of the company's total sales, making it a very risky proposition of a high product concentration. Things began changing rapidly after the introduction of the ...
The constantly changing management did not help the company's efforts to turn itself around. From 2005 to 2014, the company changed its chief executive officers seven times. Joseph Magnacca joined RadioShack in 2013 as its CEO to speed up the turnaround. The company set a goal of restoring profitability by 2015 with a significant store, and product...
Because RadioShack had experienced negative earnings since 2012, the company needed significant capital infusions to stay solvent. In October 2013, RadioShack was able to obtain a $585 million line of credit from GE Capital and the $250 million term loanfrom Salus. The $250 million term loan came with the condition that RadioShack could not close m...
Oct 3, 2014 · Learn more. RadioShack had lost 62% of its value this calendar year amid worries over its lack of liquidity and potential for bankruptcy. The company said last month that it has liquidity of...
Jun 22, 2012 · The problems at RadioShack (RSH), a 90-year company with 7,200 stores, are pretty well known. In fact, there is a growing consensus the firm is just a few quarters from going under.
- Dana Blankenhorn
Jan 11, 2011 · RSH has made changes in the past that have paid off, including new wireless displays. The company is now testing similar displays for e-books, tablets and other mobile devices.
Industry: Specialty Retailers: Other. CEO: Joseph C. Magnacca. Website: https://www.radioshackcorporation.com. Ticker: RSH. Company type: Revenues ($M): $3,507. Profits ($M): $-400. Market value...
Sep 22, 2014 · RadioShack (RSH) shares are climbing after the company announced that it was in talks with major vendors concerning changes to its commercial arrangement.
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related to: Why did RadioShack (RSH) stock rise?Significant stock news just announced. Major developments released. Read it here. Discover why this newly announced stock news is trending. Read it here.
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