Tandy Cleans Out Its Closets
SLOWLY, TANDY IS FIGURING out what businesses it really wants to be in. First, it got out of computer manufacturing. On Jan. 3, the consumer-electronics retailer said it would close 233 stores in its troubled Video Concepts and McDuff chains. It will also sell its service contracts and most of its credit-card portfolios for about $760 million. That leaves Tandy to focus on the continuing revitalization of its core Radio Shack outlets and its rapidly expanding Computer City and Incredible Universe chains. As many as 1,400 workers could lose their jobs in the store closures.