(Reuters) - "The sales performance continues to be weak," said Tiffany
Co, a director in the retail group with Fitch Ratings. She said
declining sales would eventually cut into earnings.
Sales fell 15 percent to $934.8 million, short of analysts'
estimates of $983.6 million. Sales at stores open at least a
year, a key measure of retail performance, dropped 8.9 percent.
RadioShack cited weaker wireless sales and the closure of 481
stores in 2006.
Read more at Reuters.com Market News
Co, a director in the retail group with Fitch Ratings. She said
declining sales would eventually cut into earnings.
Sales fell 15 percent to $934.8 million, short of analysts'
estimates of $983.6 million. Sales at stores open at least a
year, a key measure of retail performance, dropped 8.9 percent.
RadioShack cited weaker wireless sales and the closure of 481
stores in 2006.
Read more at Reuters.com Market News
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