EON

Boston (EON) – RadioShack announced that they as a retailer made $47 million for the quarter ended June 30th. This is a huge increase over announced losses of $3 million last year.

Revenue dropped on RadioShack though from $1.1 billion a year ago to $935 million.

The Fort Worth, Texas retailer stated that “We are increasing our focus on opportunities to offer our customers solutions to their needs, whether those needs can be met with a simple one product solution, or whether a more complex solution requiring our expertisze in connectivity is needed.” That was according to CEO Julian C. Day.

He continued by stating that “Our improved growss margin rate this quarter reflects some success in increasing teh role of the vlue-added products in our mix, as well as our commitment to continue to freshen the merchandise we offer our customers.”