RadioShack has unveiled what it calls the "R Promise initiative," which combines both familiar and new options for the chain's customers.
Many major retailers, including Best Buy, made headlines for announcing that they won't accept Apple Pay when it launches next Monday. One national CE retailer will, however- RadioShack.
RadioShack has reportedly completed a deal in order to avoid bankruptcy.
RadioShack has entered talks with hedge fund Standard General LP, which owns ten percent of the company's shares, for a plan to "ease [the retailer's] cash crunch ahead of the holidays, the Wall Street Journal reported Friday, citing regulatory filings.
RadioShack said this week that John Feray has resigned as chief financial officer, effective last Friday. Holly F. Etlin has been named interim CFO, for the second time; Etlin previously held the position, also on an interim basis, from July 2013 to February 2014.
RadioShack this week posted a second-quarter loss of $137.4 million, compared with $51.4 million the same quarter last year. The company is seeking new financing, and also said it may declare bankruptcy.
Insteon has announced a pair of new retail partnerships. The company's products are now available at TigerDirect stores nationwide, as well as on Target.com.
INSTEON said this week that its connected home products are now available in RadioShack stores, and will be featured in RadioShack's Interactive Remodel locations.
RadioShack announced Tuesday that it has rolled out 23 of its new interactive remodel stores in the Washington, D.C., area.