With James Gooch, the CEO of RadioShack stepping down, there are serious questions about the future of the former electronic retail powerhouse.
With mounting losses resulting from a change in consumer needs and decreasing market share to online retailers, is it still possible for brick and mortar stores to be successful?
The factors behind the decline in stock price of RadioShack are obvious. Many people have all of the electronic devices they need in their pocket, thanks to their smartphone. Desktop PCs and other items that were big-ticket items in the past have been consolidated into smaller phones and tablet devices, which are more competitively priced and have much smaller profit margins for retailers. Continue reading "Is there hope for a profitable RadioShack?"