Radio Shack Takes $161 Million Financial Loss

Radio Shack has reported another big financial hit — a third-quarter loss of $161 million, compared with a loss of $135 million for the same period last year.

Despite same-store sales that have dropped off by more than 13%, the chief executive officer sees some cause for optimism, including stronger sales of speakers, batteries, headphones and fitness technology. As for 2015, Radio Shack is likely to close more of its under-performing outlets.

ABC’s Jim Ryan has the story from the retailer’s hometown of Dallas/Fort Worth.

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