RadioShack Closing Underperforming Units

1 min read
Opinions expressed by Entrepreneur contributors are their own.

Fort Worth, Texas-RadioShack will shutter 35 underperforming stores and sell its corporate headquarters, leasing space until it moves into new headquarters in 2004. RadioShack will take a pre-tax charge of $124 million for the moves, and expects to reduce operating expenses, improve earnings and enhance workplace efficiency by 2005. The company said it may not report the sales growth it had originally projected this year as a result of the decline in personal computer sales, but would still meets its earnings growth target. -Chain Store Age

More from Entrepreneur

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

Whether you are launching or growing a business, we have all the business tools you need to take your business to the next level, in one place.
Enroll Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

It Started As a Joke and Turned Into a Startup That Raised $1 Million in Funding