Friday, February 17, 2006

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.

0 Comments:

Post a Comment

<< Home