RadioShack Rescue Raises Question of What’s Worth Saving
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RadioShack Corp.’s effort to seek financing and stave off bankruptcy raises a key question for investors, analysts and the customers who’ve shunned the electronics retailer for years: What’s worth saving here?
The company, which said yesterday it was in advanced talks with creditors and other parties on a potential rescue package, has suffered three years of declining sales and 10 straight quarterly losses. The stores have become increasingly irrelevant to shoppers, who can get their mobile devices and electronic doodads from e-commerce sites or Wal-Mart Stores Inc.