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Future Predictions
Radio Shack is closing 1100 stores
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<blockquote data-quote="HDRKID" data-source="post: 80350" data-attributes="member: 43"><p>Radio Shack is closing 1100 stores. They are losing even more money. Loss is 191.4 million compared to 63.3 million a year ago. Sales are down 19% and stock is down 23%.</p><p></p><p><a href="http://www.reuters.com/article/2014/03/04/radioshack-results-idUSL1N0M10P920140304" target="_blank"> UPDATE 3-RadioShack sales tumble 20 pct; to close up to 1,100 stores| Reuters</a></p><p></p><p><a href="http://www.hdrusers.com/Steven_Gibbs_HDR.htm" target="_blank">Steven Gibbs</a> told me that they are going bankrupt in 2015 or 2016. He has since found parts he can use at other companies. Radio Shack keeps on losing money. They cannot keep going. I predicted back in 2005 that they would go bankrupt before Dec 31, 2019. Still holding to my prediction and it seems they are no long for our universe.</p><p></p><p><a href="http://online.wsj.com/news/articles/SB10001424052702304815004579418782355622204?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304815004579418782355622204.html" target="_blank">RadioShack to Close Up to 1,100 Stores - WSJ.com</a></p><p></p><p>[media=youtube]J5r2l7WpEw8[/media]</p></blockquote><p></p>
[QUOTE="HDRKID, post: 80350, member: 43"] Radio Shack is closing 1100 stores. They are losing even more money. Loss is 191.4 million compared to 63.3 million a year ago. Sales are down 19% and stock is down 23%. [url="http://www.reuters.com/article/2014/03/04/radioshack-results-idUSL1N0M10P920140304"] UPDATE 3-RadioShack sales tumble 20 pct; to close up to 1,100 stores| Reuters[/url] [URL='http://www.hdrusers.com/Steven_Gibbs_HDR.htm']Steven Gibbs[/URL] told me that they are going bankrupt in 2015 or 2016. He has since found parts he can use at other companies. Radio Shack keeps on losing money. They cannot keep going. I predicted back in 2005 that they would go bankrupt before Dec 31, 2019. Still holding to my prediction and it seems they are no long for our universe. [url="http://online.wsj.com/news/articles/SB10001424052702304815004579418782355622204?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304815004579418782355622204.html"]RadioShack to Close Up to 1,100 Stores - WSJ.com[/url] [media=youtube]J5r2l7WpEw8[/media] [/QUOTE]
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Radio Shack is closing 1100 stores
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