Radio Shack 2010 Annual Report Download - page 21

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11
RETAIL LOCATIONS
The table below shows our retail locations at December 31, 2010, allocated among U.S. and Mexico company-operated
stores, kiosks and dealer and other outlets.
Average
Store Size At December 31,
(Sq. Ft.) 2010
2009
2008
U.S. RadioShack company-operated stores 2,482 4,486 4,476 4,453
Kiosks
(1) (2) (3)
49 1,267 562 688
Mexico RadioShack company-operated stores 1,289 211 204 200
Dealer and other outlets
(
4
)
N/A 1,219 1,321 1,411
Total number of retail locations
(5)
7,183 6,563 6,752
(1) In April 2009 we agreed with Sprint to cease our arrangement to jointly operate the Sprint-branded kiosks in operation at that date. This agreement allowed
us to operate these kiosks under the Sprint name for a reasonable period of time, allowing us to transition the kiosks to a new format. In August 2009, we
transitioned these kiosks to multiple wireless carrier RadioShack-branded locations. We managed and reported 111 of these locations as extensions of
existing RadioShack company-operated stores located in the same shopping malls at December 31, 2009.
(2) In February 2009, we signed a contract extension with Sam’s Club through March 31, 2011, with a transition period ending June 30, 2011, to continue
operating kiosks in certain Sam’s Club locations. As of December 31, 2010, we operated 417 of these kiosks. This transition will begin on April 1, 2011, and
conclude on June 30, 2011, with the assignment to Sam’s Club of all kiosks operated by the Company in Sam’s Club stores. As part of the terms of the
contract, we assigned the operation of 22 and 66 kiosk locations to Sam’s Club in 2010 and 2009, respectively.
(3) In 2009 we conducted a test program of kiosk locations in approximately 100 Target stores. In the third quarter of 2010 we signed a multi-year agreement
with Target Corporation to operate wireless kiosks in certain Target stores. I
n August 2010, we began to open Target Mobile kiosks with the objective of
operating kiosks in the majority of Target stores nationwide by mid-2011. As of December 31, 2010, the Company operated 850 Target Mobile kiosks, and it
expects to operate kiosks in approximately 1,450 Target stores by June 30, 2011.
(4) Our dealer and other outlets decreased by 102 and 90 locations, net of new openings, during 2010 and 2009, respectively. These declines were primarily
due to the closure of lower volume outlets.
(5) In 2010, the Company opened 871 retail locations and closed 251 retail locations. In 2009, the Company opened 202 retail locations and closed 391 retail
locations. In 2008, the Company opened 131 retail locations, acquired 200 Mexico company-operated stores, and closed 249 retail locations.
Real Estate Owned and Leased
Approximate Square Footage (in thousands)
At December 31,
2010 2009
Owned Leased Total Owned Leased Total
Retail
RadioShack company-operated stores 2 11,133 11,135 10 11,209 11,219
Kiosks -- 62 62 -- 43 43
Mexico company-operated stores -- 272 272 -- 263 263
Support Operations
Manufacturing 134 320 454 134 320 454
Distribution centers and office space 2,056 821 2,877 2,077 726 2,803
2,192 12,608 14,800 2,221 12,561 14,782