- Credits
- 23,473
Back in June, we learned that part of Radio Shack’s turnaround plan is to start in-store repair counters for mobile devices as a bid for relevance and an attempt to offer at least one thing that no other retailer does. However, the credit-rating agency Moody’s doesn’t think that Radio Shack has enough cash to make it through 2015, let alone turn itself around by then.
The company has $62 million in cash on hand right now. That might seem like a lot, especially compared to the eight bucks in your wallet, but Moody’s also points out that the company had an $81 million operating loss in the second quarter of 2014.
Read More
This is too bad that Radio Shack may be gone forever like Circuit City.
I wonder would Best Buy have a similar fate to Radio Shack since many people now buy their electronics directly from electronic makers like Apple, Google, and Amazon. Smaller stores, Amazon, Monoprice, Tiger Direct, Newegg, and eBay also offers better prices for electronics compared to Radio Shack and Bestbuy.
Wal-mart, and Target also seems to have better price on tech than Radio Shack and Bestbuy.
The company has $62 million in cash on hand right now. That might seem like a lot, especially compared to the eight bucks in your wallet, but Moody’s also points out that the company had an $81 million operating loss in the second quarter of 2014.
Read More
This is too bad that Radio Shack may be gone forever like Circuit City.
I wonder would Best Buy have a similar fate to Radio Shack since many people now buy their electronics directly from electronic makers like Apple, Google, and Amazon. Smaller stores, Amazon, Monoprice, Tiger Direct, Newegg, and eBay also offers better prices for electronics compared to Radio Shack and Bestbuy.
Wal-mart, and Target also seems to have better price on tech than Radio Shack and Bestbuy.