RadioShack Doubles Expected Loss as Revenue Climbs

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July 23 (Bloomberg) -- Bloomberg senior markets correspondent Julie Hyman reviews second-quarter results form RadioShack as losses come in more than double expectations while the retailer saw its first same store sales growth since 2010 and revenue topped estimates. She speaks on Bloomberg Television's "In The Loop."

A loss of 53 cents, $.25 of a loss is what they had been anticipating.

This was part of the plan, a tragedy said this was designed to move through a variety promotional vehicles.

He said he knew this would have an effect on the gross margin that would identify opportunities to align this going or words.

The shares are rising by 7.5%. they reported the first same- store sales growth since 2010. they show gains of about a 10th of one percent.

Certainly this is the largest gain that it has seen in quite some time.

They increase sales for the sixth consecutive quarter in the high-margin signature platform.

There has been a lot of talk about the company hiring outside investment in visors -- advisers.

Tell us more about how it is trying to turn itself around.

Those are part of it.

There is a longer-term strategy that they have embarked upon through partnerships with beats by jury m-- "beats by dre" as well as a partnership with in- store radio shacks with as many as 4000 college bookstores.

The question is will the company have enough time for these turnaround efforts to really bear fruit?

Will it have enough cash on hand?

They also talked about the cash position.

It ended with total liquidity of a hundred $18 million -- $818 million dollars.

We are getting breaking news on the tech front.

This text has been automatically generated. It may not be 100% accurate.


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