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Radioshack has reached a deal to expand in Asia. The Fort Worth company announced a joint venture to open consumer electronics stores in China, Taiwan, Hong Kong and Macau.
A Malaysian company plans to open at least 1,000 new stores in southeast Asia from Texas-based consumer electronics retailer RadioShack.
RadioShack’s first-quarter net income declined 30 percent, partly stung by bad weather and costs tied to paying off debt.
RadioShack is now selling Apple’s iPad 2 tablet. The new model comes with several improvements over the original.
RadioShack says Julian Day will retire as chairman and CEO at the company’s next shareholder meeting in May.
Electronics retailer RadioShack said its third-quarter net income rose 23 percent boosted by sales of smartphones and their accessories.