Radio Shack 2011 Annual Report Download - page 19

Download and view the complete annual report

Please find page 19 of the 2011 Radio Shack annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 92

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92

11
RETAIL LOCATIONS
The table below shows our retail locations at December 31, 2011, allocated among U.S. and Mexico company-operated
stores, Target Mobile centers, discontinued kiosks and dealer and other outlets.
Average
Store Size At December 31,
(Sq. Ft.) 2011
2010
2009
U.S. RadioShack company-operated stores 2,473 4,476 4,486 4,476
Target Mobile
(
1
)
16 1,496 850 104
Mexico RadioShack company-operated stores 1,306 227 211 204
Dealer and other outlets
(
2
)
N/A 1,110 1,219 1,321
Discontinued kiosks
(
3
)
N/A -- 417 458
Total number of retail locations
(
4
)
7,309 7,183 6,563
(1) In 2009 we conducted a test program of retail locations in approximately 100 Target stores. In the third quarter of 2010 we signed a multi-year agreement
with Target Corporation to operate Target Mobile centers in certain Target stores.
(2) Our dealer and other outlets decreased by 109 and 102 locations, net of new openings, during 2011 and 2010, respectively. These declines were primarily
due to either the closing of dealer store locations or dealer agreements not being renewed.
(3) In February 2009, we signed a contract extension with Sam’s Club through March 31, 2011, with a transition period that ended on June 30, 2011, to operate
kiosks in certain Sam’s Club stores. We transitioned all of the remaining kiosks we operated in Sam’s Club stores by June 30, 2011.
(4) In 2011, the Company opened 725 retail locations and closed 599 retail locations. 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.
Real Estate Owned and Leased
Approximate Square Footage (in thousands)
At December 31,
2011 2010
Owned Leased Total Owned Leased Total
Retail
U.S. RadioShack company-operated stores
2 11,065 11,067 2 11,133 11,135
Kiosks -- 24 24 -- 62 62
Mexico company-operated stores -- 299 299 -- 272 272
Support Operations
Manufacturing 134 -- 134 134 320 454
Distribution centers and office space 2,005 677 2,682 2,056 821 2,877
2,141 12,065 14,206 2,192 12,608 14,800