Radio Shack 2012 Annual Report Download - page 14

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12
RETAIL LOCATIONS
The table below shows our retail locations at December 31, 2012, 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.) 2012
2011
2010
U.S. RadioShack company-operated stores
(1)
2,464 4,395 4,476 4,486
Target Mobile centers
(
2
)
16 1,522 1,496 850
Mexico RadioShack company-operated stores
(3)
1,324 269 227 211
Dealer and other outlets
(
4
)
N/A 1,014 1,110 1,219
Discontinued kiosks
(
5
)
N/A -- -- 417
Total number of retail locations
(
6
)
7,200 7,309 7,183
(1) We closed 103 stores after we decided not to renew their leases during 2012.
(2) 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.
In October 2012, we exercised our contractual right to notify Target of our
intention to stop operating the Target Mobile centers if we could not amend the current arrangement. An acceptable arrangement was not negotiated;
therefore, we will exit this business by April 8, 2013.
(3) We opened 46 Mexico RadioShack company-operated stores during 2012.
(4) Our dealer and other outlets decreased by 96 and 109 locations, net of new openings, during 2012 and 2011, respectively. These declines were primarily
due to either the closing of dealer store locations or dealer agreements not being renewed.
(5) As of December 31, 2010, we operated 417 wireless kiosks in certain Sam’s Club locations. The operation of all of these kiosks was transitioned to Sam’s
Club by June 30, 2011.
(6) In 2012 the Company opened 127 retail locations and closed 235 retail locations. 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.
Real Estate Owned and Leased
Approximate Square Footage (in thousands)
At December 31,
2012 2011
Owned Leased Total Owned Leased Total
Retail
U.S. RadioShack company-operated stores
2 10,827 10,829 2 11,065 11,067
Kiosks -- 24 24 -- 24 24
Mexico company-operated stores -- 356 356 -- 299 299
Support Operations
Manufacturing 134 -- 134 134 -- 134
Distribution centers and office space 1,927 480 2,407 2,005 677 2,682
2,063 11,687 13,750 2,141 12,065 14,206