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.
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.
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