Scalper1 News
Soon a lot of RadioShack (RSH) stores will look like the one Hulk Hogan, Alf and Twisted Sister front man Dee Snider cleared out in the retailer’s Super Bowl television ad this year. The struggling consumer electronics retailer announced Tuesday that it plans to close up to 1,100 underperforming stores in the U.S., or about 26% of its current company-owned stores. “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,” RadioShack CEO Joseph Magnacca said in a statement “The result of that review is our plan to close up to 1,100 underperforming stores. We will continue to have a strong, unmatched presence across the U.S. with over 4,000 stores including over 900 dealer franchise locations.”… Scalper1 News
Scalper1 News