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RadioShack to close 1,100 stores

(USA TODAY) -- After reporting dismal fourth-quarter earnings, RadioShack said Tuesday that it would close about 1,100 poorly performing stores, roughly 20% of the electronic retailer's locations.

The store closings will leave about 4,000 locations in the U.S. The company has been struggling to revamp its stores for the past year.

Total net sales and operating revenues were $935.4 million in the fourth quarter, vs. $1,171.4 million last year, a 20% decline. Comparable store sales were down 19%, which the company blames on poor performance in its mobile phone business.

RadioShack stock was down more than 20% in premarket trading.

"Even in this environment, we're continuing to make progress on the five pillars of our turnaround plan: repositioning the brand, revamping the product assortment, reinvigorating the stores, operational efficiency and financial flexibility," CEO Joseph C. Magnacca said in a statement.

MODA Floors & Interiors celebrates 10 successful years

MODA Floors & Interiors celebrates 10 successful years

ATLANTA -- MODA Floors & Interiors, a flooring and window coverings resource and Atlanta's first Shaw Design Center, recently celebrated its 10th year in business. The company has showrooms in the West Midtown Design District and at Town Brookhaven.

"MODA" is the Italian word for fashion. Owners Dean and Janice Howell selected the company name to reflect cutting-edge style and European flair.

Started initially as a three-person home-based business, MODA Floors & Interiors currently employs 15 people and partners with 10 installation crews to complete approximately 1,300 projects each year. The diversified client base includes residential remodelers, custom home builders, designers, insurance contractors, and consumers. The company also does light commercial jobs.

Jos. A. Bank buying Eddie Bauer in $850M deal

Jos. A. Bank buying Eddie Bauer in $850M deal

HAMPSTEAD, Md. -- Jos. A. Bank Clothiers Inc. is buying the parent company of Eddie Bauer in a cash-and-stock deal valued at $850 million.

The men's clothing company, which itself is being pursued by Men's Wearhouse Inc., made the deal with Everest Topco LLC to buy Everest Holdings LLC, Eddie Bauer's parent company.

Jos. A. Bank said Friday that the transaction includes $564 million in cash and about 4.7 million new shares of Jos. A. Bank stock issued to Everest Topco at $56 per share.

Everest Topco may also earn up to an additional $50 million in cash based on Eddie Bauer's adjusted earnings for fiscal 2014.

Jos. A. Bank may end the deal if it receives an acquisition offer for its company that it feels is superior.

RadioShack to close 500 stores

(ATLANTA BUSINESS CHRONICLE) -- RadioShack scored big points with its comedic 1980s-themed Super Bowl ad that poked fun at the retailer's outdated image, but the mood was more somber on Tuesday when news broke that around 500 stores will close in the coming months.

WATCH | RadioShack Super Bowl ad

The Wall Street Journal says it isn't clear which of the Fort Worth, Texas-based company's 4,300 stores will be closed or when.

The closings are part of a restructuring. Says the WSJ, "The retailer has struggled to reverse a string of losses deepened by a sales strategy focused around smartphones, which failed to improve revenue over the past two years."

13 Ga. bars make 100 Best Bars list

13 Ga. bars make 100 Best Bars list

(ATLANTA BUSINESS CHRONICLE) -- Thirteen Georgia bars have made Southern Living magazine's list of 100 Best Bars in the South.

Says Southern Living, "We sipped our way through the South to compile a list of our 100 favorite Southern bars. From down-and-dirty dives to sleek and buzzy cocktail lounges, these spots are sure to liven up any Friday night."

Georgia bars on the list are:

* The National, Athens
* Normal Bar, Athens
* The World Famous, Athens
* Argosy, Atlanta
* The Brookhouse Pub, Atlanta
* H. Harper Station, Atlanta
* Monday Night Brewing, Atlanta
* One Flew South, Atlanta
* The St. Regis Bar, Atlanta
* Kimball House, Decatur
* Paper Plane, Decatur
* Pinkie Master's Lounge, Savannah
* The Sparetime, Savannah

Grocery is the #1 holiday purchase! Research shows where consumers are spending this holiday season

Grocery is the #1 holiday purchase! Research shows where consumers are spending this holiday season

With all the hype and Black Friday campouts at Best Buys and Toys R Us, you'd guess that the majority of holiday shopping budgets go to purchases like electronics, toys and clothing. But according to new research, the biggest share what comes out of your holiday wallet actually goes to ... groceries and restaurants.

New data from Card-Linked Marketing leader Cardlytics -- collected from millions of U.S. households over the past two years -- shows what consumers actually spend their money on during the holiday season.  When it comes to holiday shopping Americans are spending 24% of their budget on groceries followed by restaurants and apparel.  Toy purchases are actually at the bottom of the list.

The Top 10 Share of Wallet (see link/attached for graphics and pie charts for 2011 and 2012 holiday spending):

1. Groceries - 24%

LittlePINKBook.com invites women to join conversation Nov. 12 with top female executives

LittlePINKBook.com invites women to join conversation Nov. 12 with top female executives

ATLANTA -- LittlePINKBook.com, America’s No. 1 digital platform for career women, will host its 9th Annual Fall Empowerment Event on Tuesday, Nov. 12. Top-level female executives will share their experiences with rising through the corporate ranks to an audience of like-minded, successful women motivated to get there.  

Executives on the panel will be asked questions from the event’s moderator, Carol Costello, anchor at CNN Newsroom, Little PINK Book’s CEO and Founding Editor Cynthia Good as well as attendees. Panelists include: