Radio Shack to close 20 percent of the stores it actually still has
In news that will surely prompt a candlelight vigil of a million burning Battery Club Cards, Radio Shack has announced that it will close around 1,100 of its stores/boxes of loose cables soon. That massive cut—representing about 20 percent of Radio Shack’s 5,000 remaining stores—followed an especially bad fourth quarter, in which not even a tongue-in-cheek Super Bowl commercial starring ALF and Hulk Hogan succeeded in convincing America that Radio Shack was more than just a barely remembered ’80s relic. Thanks in no small part to the exorbitant appearance fees of Teen Wolf, the company reported a $191.4 million loss during that period (compared to $63.3 million last year), making for a total 2013 loss of $400 million—or approximately 10 million weather radios.