Thursday, October 26, 2006

Radio shack Overheads Still Fat

RadioShack Corporation (NYSE: RSH ) announced net losses mainly attributable to restructuring and lower store count. But take a look at SGA costs. In Q3 they just managed to knock it down by 1%. For the nine months year to date SGA is still increasing by a whopping 6.8%. Radio Shack needs to cut overheads as fast if not faster than operating issues.