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Sales down at RadioShack as company reworks wireless offerings
FORT WORTH, Texas — RadioShack reported that total net sales and operating revenues from continuing operations for the 2011 second quarter were $941.9 million, compared with $962.3 million for the 2010 second quarter. According to the company, the decrease in total net sales and operating revenues for the 2011 second quarter was driven by a $76.1 million decrease in sales generated by U.S. company-operated stores.
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Office Depot loss widens in second quarter
Boca Raton, Fla. -- Office Depot reported Tuesday that it loss widened to $29 million in the second quarter, compared with a loss of $25 million in the year-ago period.
Sales were essentially flat in the quarter, at $2.7 billion. By division, total sales dipped 2% in the North American retail division to $1.1 billion, and same-store sales decreased 1%. During the second quarter of 2011, the division closed 14 stores, opened four stores and relocated four stores, bringing the total count for North America retail to 1,131 stores.