Corporate Governance

Fort Worth, Texas -- RadioShack Corp. reported Wednesday its worst quarter since 1996, posting a loss of $21 million in the second quarter compared with a profit of $24.9 million in the same quarter last year.

Sales inched up 1.2% to $953.2 million in the quarter, missing Wall Street’s forecasted $970.4 million in revenue, and same-store sales were flat.

LOS ANGELES — Sears is targeting young women with a new career-focused apparel line called Metaphor. The apparel collection, which is scheduled to hit stores in August, will include jackets, trousers, shirts and dresses at reasonable price points, according to the company. The line will be complemented by fashion footwear and jewelry.

Walmart added its sizable voice to the growing ranks of those opposed to a settlement regarding transaction fees charged by Visa and MasterCard.

Alain Poirier has joined Tompkins International as VP business development.

In his new role, Poirier will identify opportunities and develop solutions to ensure that clients achieve their business objectives, according to a Tompkins statement. Poirier previously held various executive and sales leadership positions for companies such as Aldata, Sterling Commerce (IBM), TrueDemand (Acosta), and Manhattan Associates.

GOODLETTSVILLE, Tenn. — Dollar General is showing its support for education with a new scholarship and education program for its 90,000 employees and their families.

PLANO, Texas — JCPenney has sold its interest in Simon Property Group, L.P. back to Simon Property Group Inc. for $248 million in cash, helping the company get back on financial track.

LOS ANGELES — Supervalu is making the mobile couponing app, Yowza!! available to more than 1900 independent stores. The new alliance means independent retailers supplied by Supervalu have the opportunity to offer the free Yowza!! app to their shoppers to receive real-time savings on in-store purchases.

BENTONVILLE, Ark. — Walmart has launched an effort to help diabetes patients save on their disease management products.

KNOXVILLE, Tenn. — Retail facility maintenance and janitorial service provider, Expert JMS, headquartered in Knoxville, Tenn., and NJS Indoor and Outdoor Services, headquartered in Mt. Laurel, N.J., have combined to create a leading North American provider of quality retail facility services. 

The transaction closed Tuesday, with the continuing enterprise consisting of the combined operations of Expert JMS, NJS and Advantage Janitorial Solutions, an affiliate of NJS. The newly combined entity will approach the market as Expert NJS.

PAWTUCKET, R.I. — Hasbro reported that net revenues for the quarter were $811.5 million, a decrease of 11%, compared with $908.5 million in 2011. Second quarter 2012 net revenues declined 7% excluding a negative $34.4 million impact of foreign exchange.

Net earnings for the second quarter 2012 were $43.4 million, or 33 cents per diluted share, versus $58.1 million, or 42 cents per diluted share, in 2011.