Radioshack Celebrates One Year Anniversary Of Closing 500 Stores By Closing 500 More
by Tyler Durden
ZeroHedge.com
02/04/2014
If it seems like it was exactly a year ago that turmoiling retailer Radioshack shut down 500 stores due to lack of consumer interest in its wares (and or consumer disposable cash), it is because it was. So how does Radioshack demonstrate its morbid sense of humor on the one year anniversary of said announcement? Well, by closing another 500, or about 12% of the retailer’s total 4500 outlets currently in existence. The WSJ reports that the company which once was the butt of all LBO-rumor jokes (and still is, only this time in the context of an M&A-rumor with JCPenney and/or the Joseph A. Wearhouse joint venture), is “planning to close around 500 stores in the coming months as the electronics retailer continues working with advisers to restructure the company.”
The Rest…HERE
