Staples and RadioShack back out of Amazon Lockers program

|By:, SA News Editor

Staples (SPLS) and RadioShack (RSH) plan to end their participation in the Amazon Lockers program, according to Bloomberg.

The retail strategy of storing items ordered by Amazon (AMZN) customers was considered a bit of a Hail Mary by most analysts, even with the companies claiming increased store traffic would add incremental sales.

The end game: Back to the drawing board for Staples and RadioShack.