Say goodbye to your local RadioShack

Say goodbye to your local RadioShack

RADIOSHACK:The company plans to close 1,100 stores. Photo: Associated Press

FORT WORTH, Texas (AP) — RadioShack plans to close up to 1,100 of its underperforming stores in the U.S. and reported a wider loss for its fourth quarter as traffic slowed during the critical holiday season.

The stock tumbled more than 24 percent in Tuesday premarket trading.

The store closings would leave RadioShack with more than 4,000 stores.

For the period ended Dec. 31, the electronics retailer lost $191.4 million, or $1.90 per share. That compares with a loss of $63.3 million, or 63 cents per share, a year earlier. Excluding items, RadioShack Corp. lost $1.29 per share. Analysts expected a loss of 16 cents per share.

Revenue declined to $935.4 million from $1.17 billion. Sales at stores open at least a year fell 19 percent on weaker traffic and the soft performance of its mobility business. Analysts expected revenue of $1.12 billion.

Latest Headlines

in Local

Police: 2 Men Arrested for Fatal Bangor Shooting


Police have arrested two New York men for the shooting of two people, one fatally, at an apartment house in Bangor.

in Local

Maine Police: 6 Fires Intentionally Set Along Interstate 95


Maine State Police say they are looking for a white sedan with two men inside who may be responsible for setting six fires along a 10-mile stretch of Interstate 95 southbound from Waterville to Sidney.

in Local

Methamphetamine Continues to be a Problem in Maine


Maine's heroin epidemic is getting much of the attention from law enforcement officials and policymakers, but methamphetamine continues to be a persistent problem.

in Local

Heating Costs Drop A Bit


AUGUSTA, Maine (AP) The Governor's Energy Office says the average statewide cash price for heating oil is down five cents from two weeks ago at $2 per gallon.

in Local

Maine Asking For Help Tracking Invasive, Destructive Moth


AUGUSTA, Maine (AP) The Maine Department of Agriculture, Conservation and Forestry is asking for the public's help in locating destructive winter moth populations around the state.


  • 13h
  • 27h
  • 27h
  • 28h
  • 29h
  • 29h
  • 30h