RadioShack Reports Loss
RadioShack Tuesday reported a loss of $8 million for the most recent quarter, compared with a profit of $35.1 million. CEO Jim Gooch described the quarter as "extremely challenging."
"While our results were disappointing, we are working quickly to drive top line growth and expand margins," Gooch said in a statement. "We were pleased to see progress from initiatives we began implementing last year, particularly in our highest gross margin signature platform."