Radio Shack Corp. in the U.S. plans to close as many as 1,100 stores after a poor Christmas and a long cold winter. After that, it will still have some 4,000 storefronts across America. Radio Shack has long since ceased to exist in Canada although it once ruled the pre-digital electronics market of the 60s and 70s in this country. But the company split and the Canadian firm lost the right to the name. Now called Source Electronics, it is owned by Bell Canada. Radio Shack suffered a drop in sales over the holidays that left it with a $400 million loss last year. What does the future hold for the Source franchise in Canada? Every sign indicates that it is onward and upwards as far as Bell is concerned. As The South Bayview Bulldog reported recently the company is moving to larger premises in the Sunnybrook Plaza. It is an analyst’s exercise as to whether the Source would do better with more or fewer locations. What the Source has that Radio Shack does not is a flush corporate parent, less overhead and in all probability business locations that are on average superior to Radio Shack. Radio Shack in the U.S. to close 1,100 stores
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Radio Shack Corp. in the U.S. plans to close as many as 1,100 stores after a poor Christmas and a long cold winter. After that, it will still have some 4,000 storefronts across America. Radio Shack has long since ceased to exist in Canada although it once ruled the pre-digital electronics market of the 60s and 70s in this country. But the company split and the Canadian firm lost the right to the name. Now called Source Electronics, it is owned by Bell Canada. Radio Shack suffered a drop in sales over the holidays that left it with a $400 million loss last year. What does the future hold for the Source franchise in Canada? Every sign indicates that it is onward and upwards as far as Bell is concerned. As The South Bayview Bulldog reported recently the company is moving to larger premises in the Sunnybrook Plaza. It is an analyst’s exercise as to whether the Source would do better with more or fewer locations. What the Source has that Radio Shack does not is a flush corporate parent, less overhead and in all probability business locations that are on average superior to Radio Shack.