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RadioShack to close 1,100 stores
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NEW YORK (AP) — There will soon be about 1,100 fewer places to buy batteries.RadioShack said Tuesday it plans to close up to 1,100 stores, or about one-fifth of its U.S. locations. The news came as the retailer reported a wider quarterly loss after a disappointing holiday season. Its stock tumbled 16 percent in afternoon trading.CEO Joseph Magnacca said the closings would leave the company with more than 4,000 U.S. stores.