(Reuters) - Selling, general and administrative expenses in the quarter dropped 16.9 percent to $412 million, as the company cut jobs, advertising spending and outside services in an ongoing effort to turn around its struggling business.
RadioShack incurred $8.5 million in costs related to cutting about 280 jobs, as announced earlier. It had previously said the reduction in payroll and elimination of other open positions will yield $30 million a year in pretax savings.
Read more at Reuters.com Market News
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