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RadioShack considering hiring financial adviser
New York -- A Thursday report by Reuters said that RadioShack is considering bringing in a financial advisor to guide the struggling chain toward managing its looming debts and spiraling sales.
According to the report, which cited unidentified sources, RadioShack will hear pitches from financial advisers in the coming weeks, looking for the right fit to deal with $216.4 million in convertible notes coming due August 1, as well as falling sales capped off by a 7.6% drop in the first quarter of 2013.
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Foot Locker completes acquisition of Runners Point
New York -- Foot Locker said that it has completed its previously announced acquisition of Runners Point Group, the specialty athletic store and online retailer based in Recklinghausen, Germany. The results of the two companies will be combined with an effective date of July 7, 2013.
Runners Point Group operates more than 200 athletic retail stores, principally in Germany under the Runners Point and Sidestep banners, as well as an online business. It had sales in 2012 of $254 million.