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RadioShack will close 1,100 stores, twice as many as expected

04
Mar
2014

Things haven’t been looking rosy for RadioShack lately, with speculation last month that it would close up to 500 of its stores across the United States, but the truth has turned out to be even starker. That will leave RadioShack with 4,000 locations across the country, illustrating both the magnitude of the cut and the strength of its remaining presence. Though RadioShack isn’t going away anytime soon, its shrinking revenues — which have prompted the drastic downsizing — are putting pressure on the company. The sales growth there, he says, reflects a strong brand equity that should return RadioShack to profitability in the future.

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