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By Alistair Barr
SAN FRANCISCO, Jan 14 (Reuters) – RadioShack Corp
said on Monday it ended a mobile phone partnership with Target
Corp as the retailers could not agree on a new deal that
would be profitable for both companies.
RadioShack, a struggling retailer of consumer electronics
and other gadgets, had been helping operate “Target Mobile”
stores within 1,500 of Target’s big box locations. RadioShack
said that deal will end on April 8.
“In order for RadioShack to have continued this
relationship, we needed to establish a new agreement that would
be financially appealing to both companies,” said RadioShack
executive vice president Telvin Jeffries in a statement.
“Ultimately, we amicably agreed to dissolve the relationship.”
