RadioShack Plans to Close Between 400 and 700 Stores
Kelly Hill writes on RCR Wireless News:
RadioShack Corp. announced a “turnaround” effort that includes the company shutting down between 400 and 700 company stores. The announcement came as RadioShack reported sluggish fourth-quarter results that were hampered by wireless sales that came in below forecasts.
The news appeared to anger investors, who sent the company’s stock down almost 8 percent in trading to around $19.21 per share.
posted by Fergie @ 2/17/2006 11:49:00 AM
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