THE NEWS: RadioShack's loss widened in the second quarter as the struggling electronics retailer revamps its stores and product assortment ahead of the crucial holiday season. The company's CFO is leaving to take a similar job at Planet Fitness.
THE CONTEXT: RadioShack has been cutting costs, shuffling management and revamping stores and product selection to battle back against tough competition from online retailers and discount stores that have expanded their electronics offerings.
TOO LITTLE TOO LATE?: "They're taking the right steps, but it's a very steep hill to climb," saidMorningstar analyst Liang Feng.