In another cost-cutting move by the cash-strapped smartphone maker, Palm Inc. is shutting down the line of retail stores that it has operated since 2002.

More recently, the company made an expanded push in 2004 through 2006 to open many new stores, including one in New York City's Rockefeller Center.

The shutdown affects all 30 Palm locations nationwide, including airport kiosks. The company did not specify a timeline, but rumors state that the stores will be closed by the end of January, one week away.