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RadioShack Exiting Sam's Club Kiosks

1/10/2011 02:26:58 PM Eastern
Fort Worth, Texas - RadioShack will relinquish all 417 wireless kiosks it runs within Sam's Club, effective June 30.

RadioShack assumed operation of the kiosks for Walmart's warehouse club division from Wireless Retail in 2004, and extended its contract by 13 months last February. The in-store mobile shops will be re-assigned to Sam's Club following a three-month transition period beginning April 1.

RadioShack rents the space from Sam's Club, where it sells phones, accessories and plans by Sprint, T-Mobile and Verizon. Barring any new agreement with Verizon before June 30, the conclusion of the Sam's Club contract will also mark the end of RadioShack's relationship with the nation's No. 1 carrier.

In an 8-K report filed last week with the Securities & Exchange Commission, RadioShack indicated that the loss of its Sam's Club footprint would be more than offset by the rollout of mobile departments to some 1,450 Target stores by June 30. RadioShack operated 850 of the wireless sections as of Dec. 31 and expects to be in the majority of Target's 1,752 stores by mid-2011.

 
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