RadioShack announces plans to close 200 stores
radioshack press release — On Tuesday, RadioShack released financial reports for the first quarter of this year, as well as announced 200 stores would be closing.
According to the media release, RadioShack closed 22 stores last year and plans to close hundreds more based on location, area demographics, lease life, and financial performance. So this year, sales were down to $736.7 million as comared to $848.4 million during the same time last year.
To view a full copy of the press release, click on the following link: http://media.radioshackcorporation.com/.