RadioShack closing up to 1,100 stores in US

MCV Staff 5th March 2014 Business News

Electronics and games retailer RadioShack has announced significant US store closures.

The news follows a 20 per cent sales decline in the last quarter and the company’s eighth straight quarterly loss. Net losses tripled in the period to $191.4m.

The closures equate to around 1,100 stores (20 per cent of its current US footprint), which would still leave it with over 4,000 stores (900 of which are franchises).

By comparison, America’s largest retailer WalMart has just 3,700 stores and Best Buy 1,400.

The closures will target the poorest performing outlets. It is unsure how many of RadioShack’s 27,500 workers will be affected.

200 stores have already been closed in the last two years.

Tags

About MCV Staff

Check Also

games [Industry news] Games for Change and Tencent Games expand Raising Good Gamers with new programme to help families navigate positive play in video games

[Industry news] Games for Change and Tencent Games expand Raising Good Gamers with new programme to help families navigate positive play in video games

Games for Change, in partnership with Tencent Games, today announced the launch of a new programme that builds on the Raising Good Gamers initiative, designed to help families engage more confidently with the role video games play in young people’s lives. With 3.3 billion people playing video games worldwide, video gaming is now a central part of everyday life - reinforcing the need for more informed, evidence‑based and balanced dialogue around play.

© Copyright 2026, MCV. BizMedia