RadioShack shouldn't be surprising anyone on the downside when it reports its quarterly results, but that's exactly what happened on Tuesday. Net sales fell 3% to $1 billion, weighed down by a 1.6% decline in same-store sales. Analysts were banking on a slight top-line uptick.
Beleaguered consumer electronics retailer RadioShack wants to be your next no-contract wireless carrier. But its new partnership with Leap Wireless' Cricket has no chance of stemming the decline of the once-popular small-box chain.
Here are a few things that will shape the week ahead on Wall Street: Microsoft will show off Windows 8 tablets; Tesla's hot Model S will reach buyers; Cricket gets the iPhone; Barnes & Noble opens its books; and Bed Bath & Beyond turns back the covers on earnings.
If you haven't bought an iPhone to avoid being trapped in an expensive two-year contract, Leap Wireless subsidiary Cricket has a new prepaid plan with no strings. The savings look impressive, but be warned: You'll sacrifice plenty of what makes the iPhone great.