RadioShack closing 1,100 stores after sales tumble 20 percent | Grand Forks Herald
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The exterior of a RadioShack store is seen in the Queens borough of New York March 4, 2014. Retailer RadioShack Corp reported a wider quarterly loss on Tuesday and said it will close up to 1,100 U.S. stores after a huge drop in sales over the holidays, sending its stock down 23 percent. REUTERS/Shannon Stapleton

RadioShack closing 1,100 stores after sales tumble 20 percent

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RadioShack Corp said it will close up to 1,100 U.S. stores after reporting a wider quarterly loss and huge drop in sales during the holidays that raised concerns about the longer-term prospects for the U.S. electronics chain.

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Its shares dropped as much as 20 percent.

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