Radio Shack 2011 Annual Report Download - page 13

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sold under nationally-recognized brand names or private
brands.
Management believes two primary factors differentiate us
from our competition. First, we have an extensive physical
retail presence with convenient locations throughout the
United States. Second, our specially trained sales staff is
capable of providing cost-effective solutions for our
customers’ routine electronics needs and distinct
electronics wants, assisting with the selection of
appropriate products and accessories and, when
applicable, assisting customers with service activation.
EMPLOYEES
As of December 31, 2011, we employed approximately
34,000 people. Our U.S. employees are not covered by
collective bargaining agreements, nor are they members of
labor unions. We consider our relationship with our
employees to be good.
AVAILABLE INFORMATION
We are subject to the reporting requirements of the
Securities Exchange Act of 1934, as amended (the
“Exchange Act”), and rules and regulations adopted by the
U.S. Securities and Exchange Commission (“SEC”) under
that Act. The Exchange Act requires us to file reports, proxy
statements and other information with the SEC. Copies of
these reports, proxy statements and other information can
be inspected and copied at:
SEC Public Reference Room
100 F Street, N.E.
Room 1580
Washington, D.C. 20549-0213
You may obtain information on the operation of the Public
Reference Room by calling the SEC at 1-800-SEC-0330.
You may also obtain copies of any material we have filed
with the SEC by mail at prescribed rates from:
Public Reference Section
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549-0213
You may obtain these materials electronically by accessing
the SEC’s home page on the Internet at:
http://www.sec.gov
In addition, we make available, free of charge on our
corporate website, our Annual Report on Form 10-K,
Quarterly Reports on Form 10-Q, Current Reports on Form
8-K, and amendments to these reports filed or furnished
pursuant to Section 13(a) or 15(d) of the Exchange Act, as
well as our proxy statements, as soon as reasonably
practicable after we electronically file this material with, or
furnish it to, the SEC. You may review these documents,
under the heading “Investor Relations,” by accessing our
corporate website:
http://www.radioshackcorporation.com
For information regarding the net sales and operating
revenues and operating income for our reportable segment
for fiscal years ended December 31, 2011, 2010 and 2009,
please see Note 15 – “Segment Reporting” in the Notes to
Consolidated Financial Statements.
ITEM 1A. RISK FACTORS.
One should carefully consider the risks and uncertainties
described below, as well as other information set forth in
this Annual Report on Form 10-K. There may be additional
risks that are not presently material or known, and the
following list should not be construed as an exhaustive list
of all factors that could cause actual results to differ
materially from those expressed in forward-looking
statements made by us. If any of the events described
below were to occur, our business, results of operations,
financial condition, liquidity or access to the capital markets
could be materially adversely affected.
We may be unable to successfully execute our strategy
to provide cost-effective solutions to meet the routine
consumer electronics needs and distinct consumer
electronics wants of our customers.
To achieve our strategy, we have undertaken a variety of
strategic initiatives. Our failure to successfully execute our
strategy or the occurrence of certain events, including the
following, could materially adversely affect our ability to
maintain or grow our comparable store sales and our
business generally:
• Our inability to recognize evolving consumer
electronics trends and offer products that our target
customers need or want
• Our employees’ inability to provide solutions,
answers, and information related to increasingly
complex consumer electronics products
• Our inability to keep our extensive store distribution
system updated and conveniently located near our
customers
Adverse changes in national and world-wide economic
conditions could negatively affect our business.
The continued uncertainty in the economy could have a
significant negative effect on U.S. consumer spending,
particularly discretionary spending for consumer electronics
products, which, in turn, could directly affect our sales.
Consumer confidence, recessionary and inflationary trends,
equity market levels, consumer credit availability, interest
rates, consumers’ disposable income and spending levels,