(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.

(WXIA) -- With a warm weekend on the horizon, the Georgia Department of Transportation plans to perform some much-needed roadwork throughout north Georgia.

Closures and delays can be expected on a number of major roads and highways.

"Plan ahead -- I can't say it enough," GDOT District Construction Engineer Shun Pringle said in a release. "If you plan ahead, you can avoid some potentially heavy delays."

Some notable roadwork includes:

Downtown Connector
Two right lanes of I-75/85 north near University Avenue will be closed for pavement work Saturday from 9:30 a.m. to 6 p.m.

I-285
Three lanes will be closed in both directions between West Paces Ferry and Roswell roads for sign replacements. All work will take place overnight -- from 9 p.m. to 5 a.m.

(BUSINESS JOURNAL) -- Best Buy Co. Inc. plans to cut hundreds of jobs throughout its U.S. store operations, according to a report in the New York Post.

The article, citing anonymous insiders, says the "layoffs could affect upwards of 2,000 managers," though the exact scope isn't known. The retailer does not plan to close any of its 1,055 U.S. stores at this time.

Best Buy, which reports its fourth-quarter earnings on Thursday, declined to comment. The chain has 19 stores in metro Atlanta.

Late last month, Best Buy announced it was laying off roughly 950 full-time employees at its Best Buy and Future Shop stores in Canada as part of a store-restructuring initiative. The company said it will consolidate sales departments and reduce management layers in an effort to "streamline its store operating model as part of the company's long-term growth strategy in Canada."