RadioShack closing up to 1,100 stores

RadioShack closing up to 1,100 stores

If you’re the type of person who purchases their smartphones from RadioShack you may need to consider a backup solution. The retailer has just announced that up to 1,100 “underperforming” stores will be closed as part of a restructuring. Once complete, it will leave roughly 4,000+ stores and 900 dealer franchises spread across the country.

Over the past few months, we have undertaken a comprehensive review of our portfolio from many angles – location, area demographics, lease life and financial performance – in order to consolidate our store base into fewer locations while maintaining a strong presence in each market.

Citing, among other things, slowed foot traffic and less than desirable smartphone sales, RadioShack will slice off approximately 1/5 of its retail presence. On a more positive note, the company does strong growth in its Concept Stores, adding they have been encouraged by the feedback on the new brand positioning.

As of now, customers can purchase Verizon, AT&T, and Sprint smartphones through RadioShack.

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Scott Webster
Scott Webster 6577 posts

Scott has been running AndroidGuys since 2007 and loves nothing more than reading up on the latest smartphone rumors. His other mobile efforts can be found on Android Update (CNET) where he covers Google's mobile platform.

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