One near us has gone out of business, and one more is slated to at the end of the month (which my daughter works at.) The first store that closed sent most of their stock to the store that closes at the end of the month, and that store is shuttling its stock to two other stores that will be staying open.
The first store that closed was the one on Persimmon Terrace in Auburn, CA, the other that will be closing is the one on Bell Road in Auburn, CA. Both stores in Grass Valley, CA will be staying open.
I think that if RS had kept doing what they were doing well when they made money, namely picking solid products on the market to put their own label on, they could still be doing well. Reducing their commitment to hobbyists and hams hasn't done them any good, either. I can't imagine how much money they would have made just locally with a few decent 10m and VHF/UHF FM rigs and maybe relabelled Baofengs or Wouxons, not to mention extras for them. I got a nice little shortwave with SSB on it when they were blowing those out, now you can't get a normal radio receiver at RS any more. Whose bright idea was it to run a store called "Radio Shack" that doesn't carry radios? (Aside from a couple of scanners.) :D
I think the core of the problem lies in centralizing ordering and in control of what the stores can carry. Local managers have no real control over what they carry, yet they're the ones who know the local customers and are in a position to have the best knowledge of the local competition. The bean-counter's dream of central control may save money, but it's not a route to making money.