RadioShack Will Close Fewer Stores as it Contends With Lenders

RadioShack, which said in March it would close as many as 1,100 locations to cut costs, is proceeding with a plan to shut fewer stores because of a snag with its lender agreements. The company has been seeking consent from creditors to proceed with the full closure plan, though the terms being offered aren't acceptable, according to a regulatory filing yesterday. The Wall Street Journal reported last month that the impasse meant RadioShack could only close about 200 stores.