Dive Summary:

• After a number of logistical changes to reverse declining sales revenues, RadioShack has announced it currently controls $820 million in total liquidity and believes its balance sheet remains robust.
• RadioShack released the formal statement following unsubstantiated reports the retailer was searching for a financial advisor to alleviate ‘debt maturities, bloated inventories and slumping sales,” according to RetailingToday.com.
• “Like many companies, we have discussions with investment banks from time to time to help us evaluate ways to further strengthen our balance sheet and manage it efficiently,” the company said in the statement.

From the article:

In April, the retailer reported a wider first-quarter loss, its fifth consecutive quarterly loss, on weaker sales. New CEO Joseph Magnacca is working to turn the ailing company around and update its image, which includes positioning itself in college bookstores, offering products that appeal to younger consumers and revamping its image with a new store concept.