RadioShack Plans To Close 500 Stores
STEVE INSKEEP, HOST:
NPR's business news starts with the restructuring of the Shack.
(SOUNDBITE OF MUSIC)
INSKEEP: RadioShack, that is. The company scored big with its Super Bowl commercial, the '80s-themed ad that's being called one of the night's best. But that did not help the company's bottom line. RadioShack stock prices plummeted yesterday after news it plans to close 500 stores across the nation.
The Wall Street Journal reports the store closings will come within a few months, trimming about 11 percent of RadioShack's store base in the United States.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.