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RadioShack loss widens to $98 million; 200 stores to shutter
Fort Worth, Texas — RadioShack Corp. reported a widening net loss in the first quarter of its fiscal year 2015. The troubled retailer also confirmed plans to close up to 200 stores by the end of the year, based on location, area demographics, lease life and financial performance.
The retailer reported a net loss of $98.3 million, up from $28 million in the same quarter the prior fiscal year.
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Survey: Consumers prefer traditional grocery stores
New York — More than eight in 10 (83%) consumers prefer shopping in traditional grocery stores. However, a new survey of more than 1,000 consumers from PwC, “Front of the Line: How Grocers Can Get Ahead for the Future,” indicates more than half of the shoppers surveyed complained of long lines and crowded stores.