MELVILLE, N.Y. — A&G Realty Partners has been engaged by RadioShack to lead the disposition of up to 1,100 underperforming stores. Radio Shack announced in early March it would close the stores after revenues and sales continued to slip for the electronics retailer, which has been struggling with an outdated image in the marketplace. RadioShack reported a loss of $191.4 million during the fourth quarter of 2013, compared to the previous year. The company is continuing to work toward rebuilding its brand, following a slow holiday season, some operational issues and some restaffing at higher levels of the company. The stores that will close were chosen based on location, area demographics, lease life and financial performance. “We will publish the store closing list when it becomes available,” says Andrew Graiser, co-president of A&G.
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