Radio Shack is closing 1,100 of its stores after recording losses for the past two years. According to a March 4 report by ABC News.com, this move will leave 4,000 remaining Radio Shack stores involved in the company's revamping plans which were recently introduced in a self-deprecating, but humorous Super Bowl ad.
Radio Shack is still well ahead of competitor Best Buy which has only 1,400 stores, and their retail presence is still seen as being nearly on par with Wal-Mart stores in number. The company has not divulged which Radio Shack stores are being closed.
Radio Shack hopes to change the company's focus away from wireless products to more cutting-edge electronics. While cutting costs and making some changes in management, the company has renovated stores with a fresh and modern look.
It remains to be seen whether Radio Shack will continue to be the go-to-place for electronics. Will the former customers at these 1,100 stores be willing to now drive farther to shop at Radio Shack?
Be sure and Like the Tri-Cities News Examiner on Facebook.