02-05-2015, 08:20 PM
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Confirmed User
Industry Role:
Join Date: Feb 2010
Location: California
Posts: 3,068
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RIP: Radio Shack
Quote:
The bankruptcy announcement is no surprise. The New York Stock Exchange suspended trading of its shares on Monday. And RadioShack (RSHC)workers have told CNNMoney that some locations have already been converted to clearance stores.
It's been a long, slow decline for RadioShack. Losses have been mounting, and in its latest quarter sales plunged 16% from a year ago.
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RadioShack declares bankruptcy - Feb. 5, 2015 |
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