Thursday, March 28, 2024

Radio Shack plans to close up to 1,100 stores

RADIOSHACK CORPORATION LOGORadioShack plans to close up to 1,100 of its underperforming stores in the U.S. and reported a wider loss for its fourth quarter as traffic slowed during the critical holiday season.

The stock tumbled more than 24 percent in Tuesday premarket trading.

The store closings would leave RadioShack with more than 4,000 stores. 

Read more at ABCNews.

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