After posting declining sales for past several quarters, it looks like the once go-to-shop for electronics, RadioShack Corporation (NYSE:RSH), is nearing its end. According to the recent reports, the electronics chain is likely to shut down its stores and hand over nearly half of its retail stores to the third largest telecom carrier of the…
Sprint Corp (S) To Take Over RadioShack Corporation (RSH) Stores
Sprint Corp (NYSE:S) is negotiating with RadioShack Corporation (NYSE:RSH) to acquire leases on some of its more than 4,000 stores. In a Bloomberg report, an unnamed source said that the lease agreement would be a part of RadioShack’s bankruptcy plan, as the ailing electronics retailer is working on a restructuring plan. Having endured losses for…
RadioShack Corporation (RSH) Plunge in Deeper Financial Woes Pending Lenders’ Approval of Restructuring Plan
RadioShack Corporation (NYSE:RSH) is finding itself deeper in trouble as it has yet to gain the approval of its lenders on the planned closures of 1,100 stores in an effort to cut costs and possibly beef-up liquidity. The ailing electronics retailer has abandoned the original number of stores it has set its sight to close…
Radioshack Corporation (RSH) Seeks To Amend Loan Agreement after Claims of Default
RadioShack Corporation (NYSE:RSH) has been suffering from financial challenges and had sought rescue through loans in order to restructure its operations. However, the latest twist in its lender deals where some lenders have claimed that the company has defaulted in the repayment of loans amounting to $250 million has made it seek amendments to itscredit agreement.…
RadioShack Corporation (RSH) Calls for Restructuring Amidst Breach Notice
RadioShack Corporation (NYSE:RSH) will continue its efforts towards restructuring and transforming its business, a company press release statement said. According to Joe Magnacca, Radioshack’s CEO, the company will keep its focus on operating its business and moving forward. RadioShack Corporation (NYSE:RSH) released the statements in reaction to a breach notice it received from Salus Capital…
RadioShack Corporation (RSH) Finds $535 Million Short Term Solution to Its Financial Troubles
RadioShack Corporation (NYSE:RSH) has had huge financial troubles this year, losing up to 60% of its value in the market. The company at some point this even went as far as reporting that if it didn’t find alternative sources of funds to boost its activities, it would have not otherwise but to resort to bankruptcy.…
RadioShack Corporation (RSH) Losing its Financial Ground Step-By-Step
The biggest name in household electronics, RadioShack Corporation (NYSE:RSH), is fighting real hard to maintain its existence, especially after nine straight quarters of loss and shrinking credit limit. In its efforts to stay on the ground, RadioShack Corporation (NYSE:RSH) is trying to change the nature of its commercial relationship with one of the main suppliers,…
Federal Appeals Court Declares Radioshack Corporation (RSH) Class-Action Settlement Void
A U.S. federal appeals court sitting in Chicago declared that the class-settlement between RadioShack Corporation (NYSE:RSH) and its customers who opposed the printing of credit and debit card expiry dates on receipts is null and void. The court, considering the proposed legal fees for the customers, said that the settlement amount is too low and…
RadioShack Corporation (RSH) Trading Near $1, Likely to go Bankrupt without Capital Infusion;Best Buy Co. Inc. (BBY) Has Potential To Increase Market Share
RadioShack Corporation (NYSE:RSH) is surviving on life support for the last two decades and with its shares trading near $1, it might just be the beginning of the end of a complete era of electronics-store history. RadioShack Corporation (NYSE:RSH) reported its second quarter 2014 results with overall operating revenues of $673.8 million and the company…
RadioShack Corporation (RSH) Says It’s Running Out of Cash
RadioShack Corporation (NYSE:RSH) has had bad run in the market for the past few years. The electronic company has had its sales going down and cash racing out fast. On Thursday, the company said that its sales, after a whole year of activity, were down 20%, forcing it to think of new ways of acquiring…
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