RadioShack Reports Financial Results for Fourth Quarter 2013
– Plans to close up to 1,100 underperforming stores in the U.S.
– Strong sales growth in Concept Stores
– Completed new five-year financing totaling $835 million in the fourth quarter
– Completed new five-year financing totaling $835 million in the fourth quarter
FORT WORTH, Texas, March 4, 2014 /PRNewswire/ — RadioShack Corporation (NYSE: RSH) today reported results for the fourth quarter ended December 31, 2013.
Joseph C. Magnacca, chief executive officer, said, «Our fourth quarter financial results were driven by a holiday season characterized by lower store traffic, intense promotional activity particularly in consumer electronics, a very soft mobility marketplace and a few operational issues. Even in this environment, we’re continuing to make progress on the five pillars of our turnaround plan: repositioning the brand, revamping the product assortment,
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