Same store sales increased 1.3% at RadioShack during the second quarter, but clearance driven sales activity took a toll on profitability and the retailer enlisted the services of several turnaround firms.
Comps were down 7% at RadioShack for the fourth quarter, driven by a decline in the mobility and consumer electronics platforms.
Former Target EVP of stores Troy Risch and former Sam’s Club SVP and GMM Huey Long have joined RadioShack.
James Gooch stepped down from his position as CEO and board member at RadioShack.
RadioShack has announced the appointment of Dorvin Lively as CFO and chief administrative officer, effective immediately.
ACE Hardware CFO and EVP Dorvin Lively is leaving the Oak Brook, Ill.-based hardware co-op to pursue other interests.