Radio Shack Reports $47 In Profits

Boston (dBTechno) - RadioShack announced that profits rose to $47 million in the second quarter.

This time last year, the company recorded losses of $3 million..

Revenue dropped from $1.1 billion to $935 million a year ago, according to a company press release.

The Fort Worth, Texas retailer stated that “We are increasing our focus on opportunities to offer our customers solutions to their needs, whether those needs can be met with a simple one product solution, or whether a more complex solution requiring our expertisze in connectivity is needed,” according to CEO Julian C. Day.

Day added. “Our improved growss margin rate this quarter reflects some success in increasing teh role of the vlue-added products in our mix, as well as our commitment to continue to freshen the merchandise we offer our customers.”