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Radio Shack closing 1,100 stores; status of Emporia location unreleased

RadioShack plans to close up to 1,100 stores in the U.S. as its troubles continue to grow. It's currently unknown if the Emporia location will be affected by this decision.

 

The struggling electronics retailer made the announcement Tuesday while reporting a wider quarterly loss after a disappointing holiday season. Its stock tumbled 14 percent in midday trading.

CEO Joseph Magnacca said the closures would leave RadioShack with more than 4,000 U.S. stores, including more than 900 dealer franchise locations. The company didn't immediately identify which stores will be closed or how many jobs would be affected.

A call to the company, based in Fort Worth, Texas, was not immediately returned. Sales at stores open at least a year -- a key indicator of a retailer's health -- sank 19 percent.

Kevin Davis of Emporia's Radio Shack on Industrial said it was unclear if the local store would be on the list of closures. Representatives from the company's headquarters have been unavailable for comment.

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