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REPORT: RadioShack Is Closing 500 Stores

Ashley LutzFeb 4, 2014, 23:27 IST

Brian Snyder/Reuters

RadioShack is closing 500 stores, the Wall Street Journal is reporting.

"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.