Maybe RadioShack should have changed its name to Cell Phone Shack.
The Fort Worth, Texas,-based retailers seems to have made a big bet on selling cell phones that are available just about everywhere.
Now margins on cell phones are shrinking. And guess what?
RadioShack’s warning of disappointing fourth-quarter earnings.
It’s chairman and CEO Julian Day is stepping down in May.
RadioShack’s problem – besides intense competition, a prolonged downturn in the economy, etc. – is that nobody knows what it is anymore.
Click here to read my column.
When was the last time you went to RadioShack? What did you buy?