Radio Shack 2012 Annual Report Download - page 7

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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, 2012, we employed approximately
34,500 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:
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
segments for fiscal years ended December 31, 2012, 2011
and 2010, see Note 16 – “Segment Reporting” in the Notes
to Consolidated Financial Statements.
ITEM 1A. RISK FACTORS.
You should carefully consider the risks and uncertainties
described below in connection with evaluating the forward-
looking statements we make, because if any of the events
described below occur, our actual results of operations,
financial condition, liquidity or access to capital could differ
materially from those anticipated in our forward-looking
statements. We may face additional risks that are not
presently material or known, so the following should not be
considered an exhaustive list of all factors that could cause
such differences.
Our inability to attract and retain an effective
management team or changes in the cost or availability
of a suitable workforce to manage and support our
strategies could materially adversely affect our results
of operations and financial condition.
Our success depends in large part upon our ability to
attract, motivate and retain a qualified management team
and other employees. Qualified individuals needed to fill
necessary positions could be in short supply either locally
or regionally. The inability to recruit and retain such
individuals on a continuous basis could result in high
employee turnover at our stores and in our company
generally, which could materially adversely affect our
results of operations and financial condition. Additionally,
competition for qualified employees requires us to assess
our compensation structure continually. Competition for
qualified employees has required, and in the future could
require, us to pay higher wages to attract a sufficient
number of qualified employees, resulting in higher labor
compensation expense. In addition, mandated changes in
the minimum wage or health care reform may materially
increase our employee-related costs.
We are dependent upon our relationships with a limited
number of name brand product and service providers,
and our inability to create, maintain and renew
relationships with these parties on favorable terms
could materially adversely affect our results of
operations and financial condition.
A significant portion of our net sales and operating
revenues is attributable to a limited number of name brand
products and service providers. The concentration of
revenue in our mobility platform means that our revenue is
to a significant degree dependent upon a limited number of
service providers such as Sprint, AT&T, and Verizon and
related product suppliers such as Apple, Samsung and