FYI

RadioShack Losses

RadioShack reported a loss of $53.1 million in its second quarter.  The company says some of the profit decline was because of aggressive clearance of discontinued inventory.  RadioShack is reducing the number of items and brands stocked in stores from 4,000 to 3,000.  The company’s CFO also announced he is leaving the company to become the CFO of the health club franchise “Planet Fitness.”

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