(Reuters) - The cash-strapped electronics retailer, which last month said it would close 49 stores and cut 20 percent of its work force, believes "it does not have sufficient working capital" for short-term needs.
The operator of Sound Advice and HiFi Buys stores reported a loss for the second quarter ended March 31 of $35.2 million, or $1.38 a share, compared with profit of $424,000, or 2 cents a share, a year earlier.
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