RadioShack Seeks Financing, Adds Manhattan Stores
RadioShack plans to seek financing this year in order to "persuade suppliers to support its turnaround effort," according to a Bloomberg News report Friday.
The report added that the company is counting on suppliers providing exclusive products to RadioShack.
The chain also announced plans to open two new concept stores in New York. The location on West 23rd Street opened last week, and another will open this week on 109th Street. Both feature RadioShack's next-generation store concept.