RadioShack to Close Fewer Stores as It Contends With Lenders

RadioShack Corp., 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 Fort Worth, Texas-based 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.