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RadioShack Closing Underperforming Units

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

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