Advertisement
Australia markets closed

  • ALL ORDS

    8,022.70
    +28.50 (+0.36%)
     

  • ASX 200

    7,749.00
    +27.40 (+0.35%)
     

  • AUD/USD

    0.6604
    -0.0017 (-0.26%)
     

  • OIL

    78.20
    -1.06 (-1.34%)
     

  • GOLD

    2,366.90
    +26.60 (+1.14%)
     

  • Bitcoin AUD

    92,198.80
    -2,744.66 (-2.89%)
     

  • CMC Crypto 200

    1,261.77
    -96.24 (-7.09%)
     

  • AUD/EUR

    0.6128
    -0.0010 (-0.16%)
     

  • AUD/NZD

    1.0963
    -0.0006 (-0.05%)
     

  • NZX 50

    11,755.17
    +8.59 (+0.07%)
     

  • NASDAQ

    18,161.18
    +47.72 (+0.26%)
     

  • FTSE

    8,433.76
    +52.41 (+0.63%)
     

  • Dow Jones

    39,512.84
    +125.08 (+0.32%)
     

  • DAX

    18,772.85
    +86.25 (+0.46%)
     

  • Hang Seng

    18,963.68
    +425.87 (+2.30%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

REPORT: RadioShack Is Closing 500 Stores

Ashley Lutz
RadioShack
RadioShack

Brian Snyder/Reuters

RadioShack is closing 500 stores, the Wall Street Journal is reporting, citing people familiar with the matter.

"It is unclear which of RadioShack's roughly 4,500 stores will be closed and when exactly the closings will begin, these people said, adding that it isn't unusual for companies to close stores when going through operational restructurings," Emily Glazer reports.

Shares are down 2% on the news.

The company's ad poking fun at its outdated image was one of the best-regarded commercials of the Super Bowl.



More From Business Insider