Can RadioShack be long for this world?

[Bob Of Burleson]

RadioShack is bleeding money, will close 200 stores

By Jesse Solomon

NEW YORK (CNNMoney) — RadioShack is failing to reboot.

The struggling retailer said Tuesday that it plans to shutter 200 more stores, a further sign of the exodus from brick and mortar electronic shops.

In March, the company said it would close as many as 1,100 of its more than 4,000 shops, but its lenders limited the closures to just 200 stores. RadioShack (RSH) will focus instead of remodeling some of its existing properties and rebranding.

Shares tumbled over 10% after the company reported a quarterly loss that was twice as bad as Wall Street expected.

The stock is down more than 45% this year and has lost 90% of its value over the last five years. At roughly $1.38 per share, it's tinkering in penny stock territory.

RadioShack CEO Joseph C. Magnacca blamed an industry-wide downturn in consumer electronics and weak demand for the current slate of mobile phones.

Revenue was down 13% compared to a year ago.

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[BigTex]

I actually went into Radio Shack a few weeks ago. Found exactly what I needed. But I can't keep them afloat buying a package of fuses every 20 years.

[glenn/dallas]

Once upon a time I was in a Radio Shack quite a few times each year to get something I needed for this or that electronic thing I had. In the last five years I think I have visited my local RS two times. Both times I came out empty handed,not finding what I needed. I see no reason to keep going back again , this must be happening all over, so, I dont see a long future for them other than maybe following in Blockbusters footsteps. (Sad)

[LibraryLady]

Actually I am surprised it has lasted this long.

[bodine]

Radio Shack thrived when there were a lot of do-it-yourself electronic hobbyists. I don't see how a small footprint like Radio Shack's can compete with Best Buy, et al...

When I need a part or a component; I try Radio Shack. Most times, they don't have it. They might have an empty bin labeled for the item, but it is out of stock. It is easier to get what I need, online.