Radio Shack Plans on Closing 1,100 Stores
RadioShack blames a poor fourth quarter to weak in-store traffic and operational issues. Because of this RadioShack plans on closing 1,100 of their 5,100 stores.
While Crossgates, Colonie Center, and Rotterdam Square all have RadioShacks stores, no word as yet to which stores are closing, but the CEO of RadioShack,Joseph C. Magnacca did say "our plan to close up to 1,100 underperforming stores."
The good news for Radio Shack is the " Do it Together" campaign that kicked off during the Super Bowl, has had positive results. Also with new concept stores in test markets, Radio Shack has seen positive results.
With their new plan be gaining to take shape RadioShack feels they're taking the proper step to get back on track.