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Computer and Electronics Retail

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  • RadioShack mulls financing from banks: Report Friday, 12 Sep 2014 | 6:40 PM ET

    RadioShack is evaluating a $585 million financing package led by UBS AG and hedge fund Standard General LP it tries to avert bankruptcy.

  • Sept 12- RadioShack Corp is evaluating a $585 million financing package led by UBS AG and hedge fund Standard General LP as the U.S. electronics retailer tries to avert bankruptcy, the Wall Street Journal reported, citing people familiar with the matter.

  • Sept 12- RadioShack Corp confronts an uncomfortable fact as it considers filing for bankruptcy to give it time to overhaul its 4,400 electronics stores: Retailers rarely emerge from bankruptcy.

  • Fitch downgrades RadioShack's credit rating Friday, 12 Sep 2014 | 11:06 AM ET

    NEW YORK— RadioShack's credit rating was downgraded by Fitch Ratings Friday, a day after the electronics retailer warned it may need to file for Chapter 11 bankruptcy protection. Fitch said cut RadioShack's issuer default rating one notch to "C'' from" CC, "which puts the retailer's credit rating one level above default.

  • UPDATE 2-RadioShack says may file for bankruptcy Thursday, 11 Sep 2014 | 9:35 AM ET

    Sept 11- Troubled electronics retailer RadioShack Corp said it may need to file for bankruptcy protection if its cash situation worsens, after reporting its tenth straight quarterly loss.

  • UPDATE 1-RadioShack says may file for bankruptcy Thursday, 11 Sep 2014 | 7:55 AM ET

    Sept 11- Troubled electronics retailer RadioShack Corp said it may need to file for bankruptcy if its cash situation worsens, after reporting its tenth straight quarterly loss. RadioShack, whose sales have been in a free-fall since 2010, said it was working with its lenders and landlords to restructure its debt and cut costs.

  • RadioShack posts tenth straight quarterly loss Thursday, 11 Sep 2014 | 7:14 AM ET

    Sept 11- Troubled electronics retailer RadioShack Corp reported its tenth straight quarterly loss and said it was in advanced talks with a number of parties to raise capital. The company's net loss widened to $137.4 million, or $1.35 per share, in the second quarter ended Aug. 2 from $52.2 million, or 51 cents per share, a year earlier.

  • UPDATE 1-RadioShack restructuring begins to takes shape Wednesday, 10 Sep 2014 | 8:26 PM ET

    Sept 10- Troubled electronics retailer RadioShack Corp, whose shares swung wildly on Wednesday, is being advised by a restructuring attorney at law firm Jones Day as it tries to strike a deal with creditors to close stores while averting bankruptcy, two people close to the matter told Reuters.

  • US STOCKS-RadioShack shares plunge a second straight day Wednesday, 10 Sep 2014 | 2:52 PM ET

    NEW YORK, Sept 10- Shares of electronics retailer RadioShack were down sharply for a second straight session on Wednesday as Wedbush Securities said a bankruptcy filing was imminent. RadioShack, due to report its second-quarter results early Thursday, was down 10.1 percent to $0.8451.

  • RadioShack plunges after brokerage cuts price target to $0 Wednesday, 10 Sep 2014 | 12:01 PM ET

    Sept 10- Troubled electronics retailer RadioShack Corp's shares have lost nearly a third of their value since brokerage Wedbush Securities said on Tuesday the company could file for bankruptcy soon, making the stock worthless by the end of this year.

  • New video shows 'lighter, faster' iPhone 6: Report Monday, 8 Sep 2014 | 8:39 AM ET

    Ahead of a highly anticipated launch, video of a fully functional Apple iPhone 6 has leaked, 9to5Mac reports.

  • Aug 26- RadioShack Corp's second-largest shareholder, Standard General LP, is negotiating a rescue package with investors to help the consumer electronics retailer ward off bankruptcy, Bloomberg reported, citing people with knowledge of the matter.

  • Aug 26- Best Buy Co Inc, the largest U.S. consumer electronics retailer, said same-store sales were expected to fall and higher discounting would erode margins in the second half of the year.

  • Aug 26- RadioShack Corp's second-largest shareholder, Standard General LP, is negotiating a rescue package with investors to help the consumer electronics retailer ward off bankruptcy, Bloomberg reported, citing people with knowledge of the matter.

  • Aug 26- Best Buy Co Inc, the largest U.S. specialty retailer of consumer electronics, reported lower-than-expected revenue for the third straight quarter, as fewer people bought PCs and electronics, and those who did increasingly bought them online.

  • Aug 26- Best Buy Co Inc, the largest U.S. specialty retailer of consumer electronics, reported lower-than-expected quarterly revenue for the third straight quarter, citing a drop in traffic in its stores as more people shop online.

  • Best Buy quarterly revenue falls 4 pct Tuesday, 26 Aug 2014 | 7:13 AM ET

    Aug 26- Best Buy Co Inc, the largest U.S. specialty retailer of consumer electronics, reported a 4 percent drop in quarterly revenue due to lower traffic in its stores. Best Buy shares were down 4.6 percent in premarket trading.

  • Severe staffing crunch hits Japanese firms Thursday, 21 Aug 2014 | 7:40 PM ET

    Japanese firms are finding it difficult to secure sufficient workers, hit by a labor shortage that is pushing up hiring costs and eating into profits.

  • July 31- RadioShack Corp investor BlueCrest Capital Management is pushing the struggling electronics retailer to repay lenders who are blocking its plans to shut stores, Bloomberg reported. RadioShack said in March it would close 1,100 stores after reporting a huge drop in sales during the holidays.

  • *Carrefour profits rise in France, Brazil, Argentina. BERLIN/ PARIS, July 31- Two of Europe's top retailers, France's Carrefour and Germany's Metro, are making progress in their quests to revive performance in their home markets, with Metro rewarding its chief executive with a contract extension.