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Article: RadioShack Corporation Reiterates Turnaround Plan at Annual Shareholders Meeting; Company Cites Positive Financial Benefits By Year End.
- Article from:
- PR Newswire
- Article date:
- May 18, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FORT WORTH, Texas, May 18 /PRNewswire-FirstCall/ -- At its annual shareholders meeting today, RadioShack Corporation reiterated its previously announced turnaround plan and reported progress against the milestones it laid out for investors at its annual investor conference in February. Specifically in 2006, the company aims to generate $50 million to $100 million of free cash flow(1), close at least 480 underperforming stores, liquidate underperforming inventory, lower its overhead costs and improve trends in its wireless business. The 18-to-36-month turnaround plan is designed to accelerate company progress, improving the health of the business and exploiting industry ...