RadioShack Corp. will close a half dozen Buffalo area stores as part of a company-wide plan to trim its store count by nearly 500.
The financially-troubled electronics seller confirmed Friday that it will shutter the following Buffalo area locations: 410 Main St., Buffalo; 3015 Sheridan Drive, Amherst; 796 Young St., Tonawanda; 5165 Broadway, Depew; 9648 Transit Road, East Amherst, and the RadioShack store in the Eastern Hills Mall, Clarence.
The Main Street store, the only RadioShack store in downtown Buffalo, is a veteran downtown retailer and one of the few to stay in business as a laundry list of department stores along Main Street, and scores of smaller merchants have exited over the past 20 years. The RadioShack store was a long-time tenant of Main Place Mall before relocating nearby to 410 Main St. in 2001. At one time, the downtown Buffalo store was one of the RadioShack chain's strongest performers.
No firm closing dates were available, but they are expected to go dark by the end of the year. A clerk reached at the downtown Buffalo store Friday afternoon said staff had not even been informed their store was on the closure list. The retailer will continue to operate more than 20 stores in the Buffalo/Niagara Falls area.
Making good on a February announcement that it would eliminate hundreds of under-performing stores, RadioShack Friday made public a list of 480 units it will close. The financially-troubled electronics seller saw its fourth-quarter profits plunge 62 percent and its CEO, David Edmundson, resigned following admissions that he had lied on his resume.
The store closings, along with elimination of warehouse operations in South Carolina and Mississippi, are part of an 18-month stabilization plan that also includes boosting inventory of high-growth merchandise, expanding kiosk business, and moving some stores to better locations.