Legal News

RadioShack Announces Plans to Close Low Performing Stores
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

Headquartered in Fort Worth, Texas, the RadioShack Corporation is a franchise of electronics retail stores in the United States, as well as parts of Europe, South America and Africa.

The RadioShack Corporation has announced that it plans to close as many as 1,100 of its lower-performing stores, which are almost 20% of its 5,200 US locations including 900 franchise stores.


RadioShack Corp. has reported that its fourth-quarter store sales were down 19% compared to the electronic companies last year’s sales. Money CNN has reported that Radio Shack has also publicly acknowledged that its current stores are out of date and in need of a massive overhaul. It has also been reported , according to the L.A. Times, that RadioShack is facing a net loss of $191.4 million for the fourth-quarter, its eighth consecutive quarterly loss. That compares to a net loss of $63.3 million last year.

Joseph C. Magnacca, RadioShack’s chief executive reported that “Our fourth-quarter financial results were driven by a holiday season characterized by lower store traffic, intense promotional activity particularly in consumer electronics, a very soft mobility marketplace and a few operational issues,” according to the L.A. Times. This year’s RadioShack’s Super Bowl ad showing how cool and hip it is may have come a little too late.

Image credit: Wikipedia

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!


Interesting Legal Sites You May Like




Search Now

Senior Level Litigator

USA-CA-Woodland Hills

Woodland Hills office is seeking a litigation attorney with 5-7 years of experience and a background...

Apply Now

Litigation Associate Attorney


Stamford office of our client seeks litigation associate attorney with 3+ years of experience. The c...

Apply Now

Litigation Associate Attorney

USA-MO-Saint Louis

Saint Louis office of our client seeks litigation associate attorney with 2-5 years of experience. T...

Apply Now

Insurance Coverage Associate Attorney


Washington, D.C. office of our client seeks insurance coverage associate attorney with 3-5 years of ...

Apply Now


Associate Counsel


Workers’ Compensation Insurance Rating Bureau of California (WCIRB) is seeking an Associate Co...

Apply now

Law Student Intern


2nd-3rd year law student. Must have interest in real estate law! Position will include the following...

Apply now

Associate Attorney


Olson Law, LLC is a boutique law firm in Buffalo, Minnesota whose primary practice areas include fam...

Apply now

Director of Enforcement


DIRECTOR OF ENFORCEMENT POSITION AVAILABLE The Fair Housing Rights Center in Southeastern Pennsyl...

Apply now


To Top