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RadioShack to Scale Back Closing Plans

May 12, 2014
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RadioShack will scale back its previously announced plans to close 1,100 stores, due to disagreement with the company's lenders, the Wall Street Journal reported, citing a regulatory filing.

Salus Capital Partners and GE Capital, the company's top lenders, are required to approve of more than 200 stores a year, the Journal said. RadioShack will instead close fewer locations.

 

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