RadioShack will close 1,100 stores, twice as many as expected

Things haven’t been looking rosy for RadioShack lately, with speculation last month that it would close up to 500 of its stores across the United States, but the truth has turned out to be even starker. As part of its Q4 2013 financial report, the electronics retailer is announcing plans to close up to 1,100 “underperforming” outlets. That will leave RadioShack with 4,000 locations across the country, illustrating both the magnitude of the cut and the strength of its remaining presence.

Though RadioShack isn’t going away anytime soon, its shrinking revenues — which have prompted the drastic downsizing — are putting pressure on the company. A number of recent efforts to revitalize the brand image have yet to pay off, though at…

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