Radio Shack reports larger Q4 loss due to weakness in phone and tablet sales; 1100 stores to close

Electronics retailer Radio Shack, which has focused on smartphone and tablet sales more heavily over the last few years, is closing 1100 "underperforming" stores. The announcement was made following the release of the company's fourth quarter earnings report which showed a loss of $191.4 million for the holiday period. That was a larger loss than the $63.3 million the company lost in 2012 during the same three month period. Among the reasons for the larger spill of red ink last year, CEO Joseph C. Magnacca blamed a "soft mobility market".



After accounting for the shuttered locations, Radio ...