News Summary: RadioShack's CEO leaves
THE NEWS: RadioShack said Wednesday its CEO James Gooch is leaving the company after just a year and a half in the post, effective immediately.
THE CONTEXT: The Fort Worth, Texas-based retailer has faced declining net income in the past two years. The chain's troubles are partly due to wider problems in the brick-and-mortar electronics industry and add fuel to the notion that selling consumer electronics in brick-and-mortar stores is becoming less and less viable.
WHAT'S NEXT: The company has begun a search for Gooch's successor. Chief Financial Officer Dorvin Lively will serve as its interim CEO.