Contact Us

Radio Shack Plans To Close 1100 Stores

Photo by Mario Tama for Getty Images

Radio Shack is planning to close around 1100 of their stores which are performing poorly, according to USA Today.The move come after sluggish earnings for the fourth quarter, with earnings for Radio Shack down 20% from last year.

So far, Radio Shack hasn’t announced which stores will close or how many jobs will be lost.  They do say the stores that will close are being chosen based on location, the length of their lease, how they perform financially and area demographics.

Radio Shack has been working on revamping its image and the company’s CEO says those plans continue.

Even in this environment, we’re continuing to make progress on the five pillars of our turnaround plan: repositioning the brand, revamping the product assortment, reinvigorating the stores, operational efficiency and financial flexability.

 

Once those 1100 stores close, Radio Shack will have around 4000 stores left in the U.S.

Next: Do These Grocery Shopping Tips Really Work?

More From Lite 98.7

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://lite987.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on LITE 98.7 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on LITE 98.7 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!