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RadioShack Reports 4th Quarter Loss, Set To Close Stores

 
RadioShack Reports 4th Quarter Loss, Set To Close Stores

(Undated) -- The news from RadioShack isn't good this morning. The consumer electronics retailer says it's going to close as many as 1,100 stores across the United States.

At the same time, RadioShack is out with fourth-quarter numbers that would appear to explain the move. The company puts its net loss at just over $191 million, compared to $63.3 million in the same quarter of 2013.

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