David Edmondson
David Edmondson
David J. Edmondsonis an American businessman. He is the founder and CEO of E-Recycling Corps, an enterprise engaged in the collection, refurbishment and global redistribution of used wireless devices. Edmondson also founded EasySale, Inc in 2007, an internet-based consignment and liquidation company based in Arlington, Texas. Edmondson was Chief Executive Officer of RadioShack from 2005 to 2006 until he resigned for lying on his resume...
believe business caused deeper faster fourth greater launch move pace performance poor quarter resulted state strategy turnaround
We believe that the company's strategy is sound. But we must move at a much faster pace with a greater sense of urgency. The poor fourth quarter performance caused us to take a much deeper look at the state of our business and resulted in the launch of a turnaround plan.
fourth prudent
There is a reason, obviously, to be prudent as we go into the fourth quarter.
below business caused deeper fourth good including inventory launch lower performance plan poor profits quarter resulted results sales state turnaround wireless
Sales results were good in many low-margin non-wireless categories; however, we experienced lower sales in high-margin categories. In addition, wireless sales and profits were below our expectations. The poor fourth quarter performance caused us to take a much deeper look at the state of our business and resulted in the launch of a turnaround plan including the significant fourth quarter inventory write-down.