Shows & Panels
- AFCEA Answers
- Ask the CIO
- The Big Data Dilemma
- Carrying On with Continuity of Operations
- Connected Government
- Constituent Servicing
- Continuous Monitoring: Tools and Techniques for Trustworthy Government IT
- The Cyber Imperative
- Cyber Solutions for 2013 and Beyond
- The Data Privacy Imperative: Safeguarding Sensitive Data
- Expert Voices
- Federal Executive Forum
- Federal IT Challenge
- Federal Tech Talk
- Mission-critical Apps in the Cloud
- The Modern Federal Threat Landscape
- The Path from Legacy Systems
- The Real Deal on Digital Government
- The Reality of Continuous Monitoring... Is Your Agency Secure?
- Veterans in Private Sector: Making the Transition
Shows & Panels
Ahead of the Bell: RadioShack
Tuesday - 1/15/2013, 6:55am EST
NEW YORK (AP) - RadioShack climbed nearly 8 percent in premarket trading Tuesday after the electronics retailer said it would close down its mobile phone centers in Target stores, an operation that analysts see as a money loser.
Late Monday, the company said that it had been renegotiating the terms of its relationship since October, but that an agreement was out of reach. The contract will expire in April.
RadioShack Corp. struck a deal to operate Target Mobile in 2010, allowing people to buy mobile phones, activate contracts and buy accessories in Target stores.
Stifel Nicolaus analyst David Schick called the venture a money loser and he believes RadioShack will be able to illustrate the benefits of ending the agreement as early as the second quarter of this year.
A representative for Target Corp. could not be reached immediately for comment.
Shares of RadioShack Corp. gained 18 cents to $2.49 before the market open.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)