Friday, May 3, 2024

Radio Shack plan to close nearly 500 stores this year

RADIOSHACK CORPORATION LOGONot sure if art was imitating life or the other way around in Radio Shack’s Super Bowl ad, but now word is spreading that they plan to close 500 stores in the upcoming months. 

The Wall Street Journal reports:

“According to people familiar with the matter, RadioShack is planning to close around 500 locations in the coming months. It isn’t clear which of RadioShack’s roughly 4,300 stores will be closed and when exactly the closings will begin. The people familiar with the matter noted that it isn’t unusual for companies to close stores when going through a restructuring.”

 

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