RadioShack (RSH) stock is falling Thursday following a report that talks with lenders is delaying planned store closings announced in March.
RadioShack is mired in negotiations with its lenders over plans to close up to 1,100 stores, complicating the struggling consumer electronics retailer's turnaround, people familiar with the talks said....
RadioShack (RSH) plunged to a new one-year low of $1.67 as of 1 p.m. on Wednesday as it continued its decline on Tuesday. On Tuesday, fellow electronics retailer hhgregg HGG lowered its outlook for its upcoming fourth-quarter results to a loss of 17 cents a share. Analysts had expected earnings of 10 cents a share. The company also expects comparable-store sales to decline 9.9% in the quarter. The news caused other electronics retailers, such as Best Buy BBY, to drop on Tuesday. RadioShack continued that decline and dropped more than 6% in Wednesday trading.
On April 15, 2014, we issued an updated research report on RadioShack Corp.