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RadioShack closing more stores
Fort Worth, Texas (AP) -- RadioShack announced Tuesday it plans to close up to 1,100 stores in the U.S. after a disappointing holiday season.
The store closings would leave RadioShack with more than 4,000 U.S. stores, including more than 900 dealer franchise locations.
The company didn't immediately identify which stores will be closed or how many jobs would be affected.
The closures represent just the latest setback for RadioShack, which has been struggling to update its image and compete with the rise of online retailers in recent years.
In addition to slashing costs and shuffling management, RadioShack has been renovating its stores with a more modern look.
The company ran an ad during the Super Bowl poking fun at its own outdated image.
The spot showed characters from the 1980s including Alf, Chucky, Hulk Hogan and Teen Wolf ransacking its store.
The efforts have yet to take hold, however.