Business Beat 3-13-14 - KXNet.com - Bismarck/Minot/Williston/Dickinson-KXNEWS,ND

Business Beat 3-13-14

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Radio Shack announced this month plans to close more than a fifth of their retail stores across the country after reporting losses of nearly 200 million dollars in the 4th quarter of 2013. What does that mean for Minot? Well that isn't known yet. The retail giant has yet to announce what stores will be among the 11-hundred or so that will be shuttered. When the closures are complete, about 4-thousand stores will remain across the country. No word on when the announcement of where the closures will come will be made.

A new restaurant chain is slated to be making an appearance in the Magic City. Well new to Minot -- Tim Horton's will be opening in 2015. It is a Canadian-based chain that was only found north of the border for the first 20 years of its existence before moving into America. Now, you'll find more than 4000 locations...including two in Grand Forks. Fargo will also be getting a location. Very little is known except that it should open early next year in Minot.

With Business Beat, I'm Perry Olson.

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