September 21, 2004

RadioShack, Sprint in Mall Kiosk Venture

RadioShack on Tuesday said it has signed a deal with Sprint Corp. to open wireless kiosks at malls nationwide, reports Reuters.

"Both companies, which have been working together since 1996 via a store-within-a-store concept, plan to complete the roll-out of the multiyear kiosk arrangement to nearly 500 malls over the next three years.

RadioShack, with nearly 7,000 stores, is already the nation's leading seller of wireless phones and accessories, a segment that now accounts for a third of its sales as growth in its other key products lags."