RadioShack to Close 1,000+ Stores

A long-time electronics store chain is announcing widespread closings, no news yet on whether the one in West Burlington will be affected.


Radio Shack says it will close at least a thousand under performing stores out of 52-hundred nationwide in an effort to become more competitive.

The chain has 68 stores in Iowa but has NOT said yet where any of the doomed stores are located. No deadlines were set and there was no estimate on the number of impacted employees.

Radio Shack reported loses of 191-million dollars in the fourth quarter and last year, lost 400-million.

 

Comments are closed.