TweakTown
Tech content trusted by users in North America and around the world
5,935 Reviews & Articles | 38,244 News Posts

RadioShack enjoys Super Bowl success, but will close 500 stores

RadioShack is restructuring and will close 500 U.S. retail stores

| Modding News | Posted: Feb 6, 2014 1:07 am

RadioShack created a popular Super Bowl ad in which its stores were being taken apart and rebuilt, and just a few days later, the company announced that the company will close around 500 retail stores. RadioShack has struggled with executive fallout, increased competition, and a glaring image problem that leads shoppers to choose online e-tailers or other local brick and mortar stores.

 

TweakTown image news/3/5/35271_01_radioshack_enjoys_super_bowl_success_but_will_close_500_stores.jpg

 

RadioShack currently has 4,300 retail stores, and it's still unsure which specific stores will be closed. The company is expected to shutter the struggling stores over the next few months, with analysts unsure if that will still be enough.

 

RadioShack CEO Joe Magnacca, who was given reigns to the struggling company in February 2013, expects additional reshuffling will be necessary before trying to turn around the company. Moving forward, RadioShack still wants its image to evolve from a traditional electronics store more towards a popular location for consumers to purchase headphones, smartphones, and other consumer electronics.

NEWS SOURCES:Online.wsj.com

Related Tags

Further Reading: Read and find more Modding news at our Modding news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

TweakTown Web Poll

Question: Facebook's acquisition of Oculus VR will...

Improve Oculus Rift Development

Hamper Oculus Rift Development

Completely destroy Oculus Rift Development

Let's wait and see, I'm not sure

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases