Garriques will replace Joseph Magnacca, who resigned on Wednesday after serving as RadioShacks chief executive for the past two years. During his tenure, Magnacca launched concept stores and revamped the merchandise mix, but was unable to stem growing losses and sales declines amid dwindling financ
Date: Apr 03, 2015
Category: Business
Source: Google
RadioShack brand to live on after bankruptcy filing
Current CEO Joseph Magnacca, a former Walgreen executive, tried to revitalize the brand by introducing more products popular with today's consumers, such as smartphones and bluetooth speakers. Many of the stores were also remodeled, locations closed and advertising ramped up. The company had the sle
These steps are the culmination of a thorough process intended to drive maximum value for our stakeholders, CEO Joseph Magnacca said in a statement. RadioShack said it has secured about $285 million in debtor-in-possession financing.There is no predetermined outcome to our recapitalization work, and there can be no assurance that we will be able to successfully implement our long-term solution, RadioShack chief executive Joseph Magnacca warned investors when discussing the quarterly earnings. RadioShack ended the quarter with
Back and thriving, they're now known as the maker community. But the company has failed to capture that market, despite the efforts of Joseph Magnacca, the former chief executive of Walgreen's who took over in February 2013 and tried to re-establish ties to DIYers. He forged partnerships with start
Date: Feb 03, 2015
Source: Google
Hopes of a RadioShack Revival Fade With Stock to Be Delisted
In a management shake-up, RadioShack hired Walgreen Co. executive Joseph Magnacca and former Treasury Department adviser Harry J. Wilson to help with its turnaround efforts. It worked with popular brands like Beats Audio and redesigned almost half of its U.S. locations some 2,000 stores in an ef
cks core constituency. Theyre back and thriving and now known as the maker community. But the company has failed to capture that market, despite the efforts of Joseph Magnacca, the former chief executive of Walgreen's who took over in February 2013. He has tried to re-establish ties to DIYers. He fo
promised a new and improved RadioShack. And one of the keys to any successful rebranding effort is ensuring that there is consistency between the brand messaging and the in-store execution. Here, we believe we are on the right track," CEO Joseph Magnacca said in a conference call with analysts last March.
in September that it might have to seek Chapter 11 bankruptcy protection but subsequently negotiated a refinancing deal led by Standard General, a New York hedge fund. But last week CEO Joseph Magnacca said that theres no assurance the company can put a long-term solution in place to stay afloat.