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RadioShack’s Q3 Sales, Net Slips

By Alan Wolf -- TWICE, 11/9/2009

FORT WORTH, TEXAS — RadioShack said third-quarter profits fell 24 percent to $37.4 million and net sales slipped 3.1 percent to $990 million for the three months ending Sept. 30.

Same-store sales at company-owned stores and kiosks decreased 2.9 percent due to slower sales of digital converter boxes, laptop computers, batteries, wireless accessories and GPS devices.

Declines in those categories were “substantially offset” by increases in RadioShack’s Sprint Nextel postpaid wireless business; greater sales

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