11-12-2014 17:42 via uk.news.yahoo.com

RadioShack says lenders yet to agree on store closures

By Sruthi Ramakrishnan (Reuters) - Electronics retailer RadioShack Corp said lenders have not agreed to the closure of 1,100 stores, raising doubts about its turnaround plan and sending its shares down 7 percent. RadioShack, which warned of bankruptcy in September, was forced to reduce its target of 1,100 closures to 600 over three years after objections from lenders. "We view the headwinds facing RSH as insurmountable," CRT Capital analyst Kirk Ludtke wrote in a note. He said the comp
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