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RadioShack May Gain Second Life Thanks to Shareholders

Sep 26, 2014, 3:13 PM by Eric M. Zeman

A major RadioShack shareholder plans to invest more cash in the business in order to improve its liquidity. RadioShack is facing a cash crisis. As of last month it had just $30.5 million in the cash and owed creditors $658 million. Standard General is still discussing the particulars with RadioShack and its other creditors. The hedge fund, along with new, unnamed investors, believe they can buy out RadioShack's loans and get the company back on its feet. Standard General raised its stake in RadioShack from 7.08% to 9.8%, making it the single largest shareholder. The investors hope to shore up RadioShack ahead of the crucial holiday shopping season. RadioShack sells cell phones and wireless service from AT&T, Sprint, and Verizon Wireless alongside other consumer electronics.

Reuters »

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PhoneMan23

Sep 26, 2014, 4:46 PM

They need to

Lower the prices of their products as their quality or lack of it, doesn't justify their higher prices.

Find a way to subsidise phones even more so and make it easier for lower income folks to have nice phones.

I don't know how it is elsewise in the country but they need to close stores that are within 5 miles of each other. Over saturation of their market is killing them as well.

Re-educate their workforce, similar to Apple techs in Apple stores. Make them a go to source of information and tech knowledge as they used to be once.

Don't go back to T-Mo no matter what. They never made money with that horrible carrier.

bobc74

How does offering more subsidizing on phone help RS? It's usually those same lower income folks who end up havint issues paying their wireless bills, thus hurting RS' relationship with the carriers. Back in 2003-2004 Sprint experimented with offering ...
(continues)

Globhead

> Lower the prices of their products as
> their quality or lack of it, doesn't justify their higher prices.

You can't just lower prices at a convenience-store-style business. They need to get exclusive products, even just with minor-yet-intellige...
(continues)

...

Shakezula84

The only thing radioshack can really do is get an educated work force (I use to work at radioshack and felt like crap that all I could do was sell phones) and lower prices.

However prices cannot be lowered too much. I ran a radioshack and we made, ...
(continues)

...

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