Financial News--RadioShack, Snap-on

1 min read
Opinions expressed by Entrepreneur contributors are their own.

Fort Worth, Texas--An emphasis on hot new exclusive products, rollout of a test prototype to more stores and the expansion of accessories in core basics are part of RadioShack's game plan to get sales and profits back on track after a disappointing fiscal 2002. Sales dropped to $4.58 billion for the year ended December 31, a 4.2 percent decrease. The company blames its poor performance on a $250 million decline in sales of direct-to-home satellite systems and a $125 million drop in sales of desktop computers. -DSNRetailingToday

Kenosha, Wisconsin--Snap-on Inc. is expecting a 5 to 10 percent increase in earnings for the full year instead of the 10 to 15 percent previously expected. Sales for tools for industrial and commercial applications declined in both Europe and North America, reflecting the weak economy. A corporate restructuring to lower Snap-on's cost structure is ongoing. -The Business Journal of Milwaukee

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Former Apple CEO John Sculley Shares 4 Key Strategies for Growing and Marketing Your Business