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Stock Market & Financial Investment News

News Breaks
June 10, 2014
07:04 EDTRSHRadioShack closed 22 stores in FY15, expects to close up to 200 stores
Joseph Magnacca, CEO, said, "Overall, our first quarter performance was challenged by an industry-wide decline in consumer electronics and a soft mobility market which impacted traffic trends throughout the quarter. In particular, our mobility business was weak due to lackluster consumer interest in the current handset assortment and increased promotional activities across the industry including the wireless carriers. This resulted in disappointing sales and gross margin performance."
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