The Associated Press reports, via 10News.com, that Radio Shack plans to close up to 1,100 of its stores following a poor performance during the holidays.

The Texas-based company has nearly 5,000 stores and lost more than $400 million last year.

Photo credit: Wikipedia Commons.
Photo credit: Wikipedia Commons.

According to the report, officials will look at each store’s performance, local demographics, and lease expenses to determine which will be shuttered.

The chain employs 27,000 people.