RadioShack Struggles on Store Traffic and Sales, Talks Restructuring

Electronic retailer RadioShack had been struggling with getting customers' attention and store traffic is only getting worse. The chain store is looking at restructuring possibilities in light of another disappointing earnings and the quickly falling share price. For the most recent quarter, RadioShack posted a loss of a dollar a share. The expectations weren't positive to begin with, but this is even worse than forecasts. Sales were down more than 20% to $674 million. Comparable store sales fell about 20% as customers went to Wal-Mart and Best Buy instead. The management is looking at options to cut costs and talking to lenders and shareholders about further store consolidation and debt restructuring.