To those that have been following events at RadioShack Corp. (NYSE:RSHCQ) it is clear that the troubled consumer electronics retailer is in need of a serious turnaround. Events have become so dire, in fact, that many are calling for the company to throw in the towel and enter bankruptcy court in order to more effectively deal with its more than $1.3 billion dollar debt load. To those shareholders that have stuck around thus far, many are no doubt hoping for a Best Buy (NYSE:BBY) -like turnaround. Throughout 2013, thanks to a solid comeback marshaled by the company's CEO Hubert Joly, Best Buy saw its share price more than triple making it one of the best performing stocks in the S&P 500 Index. Given that both companies operate in the consumer electronics retailing industry, can RadioShack pull off a similar turnaround? Motley Fool Consumer Goods Analyst Sean O'Reilly details the important facts and gives Foolish investors an idea of what to expect from the beleaguered retailer. 

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Sean O'Reilly has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.