Click to Skip Ad
Closing in...

RadioShack to lose over 400 Sams Club kiosks

Updated Dec 19th, 2018 6:59PM EST

If you buy through a BGR link, we may earn an affiliate commission, helping support our expert product labs.

In a Securities and Exchange Commission filing made this past Friday, RadioShack stated that it will be losing more than 400 kiosks located in Sam’s Club stores across the country. The closures will result from an expiring contract between RadioShack and Wal-Mart Stores Inc., owner of the Sam’s Club chain. Sam’s Club will take over the operation of the kiosks by June 30th, when the contract is set to expire. RadioShack currently sells cell phones and service contracts through the aforementioned kiosks, and it represents a decent chunk of business for the retailer — through the first nine months of 2010, RadioShack reported $20.6 million in profits from its kiosk business. RadioShack plans to increase the number of Target kiosks it operates in an effort to curtail losses, but the company estimates that its kiosk profits will still decline by between $10 million and $15 million in 2011.


Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.

His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.