Electronics Retailer to Close 70 Stores
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Circuit City said it was closing about 70 stores, most of them in Canada, and that its chief merchandising officer had left the company.
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Circuit City Stores Inc. , the target of a $3.3 billion takeover bid by Boston-based Highfields Capital Management LP, plans to close 19 US stores, a warehouse, and five regional offices, eliminating as many as 973 jobs.
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Business & money: The owner of retail chains including Currys and PC World is to stop selling analogue television sets
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In a move aimed at helping the company "focus on initiatives that enhance its top performing locations," CompUSA announced Wednesday it would close 126 of its 229 stores as part of a restructuring plan.
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U.S. retailers will close stores and reduce square-footage growth plans this year to offset slowing sales, slumping stock prices, a saturated market and a penny conscious shopper, analysts said on Sunday.
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Dell on Wednesday announced the shutdown of retail kiosks in malls throughout the United States as it adjusts its evolving product distribution strategy.
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Retailer Macy's Inc  said on  Friday it would close nine underperforming stores in Indiana,  Ohio, Louisiana, Oklahoma, Utah and Texas.
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Sprint Nextel is laying off about 4000 employees and closing retail outlets after losing more than 100,000 customers in the last quarter.
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New York retailing group Saks said Friday it will close 11 stores and shed 700 jobs. The company said it will close down eight Saks Fifth Avenue stores and three Off 5th Avenue
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Travel company Thomas Cook, which recently merged with rival MyTravel, will close 150 stores and six offices.
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Saks Inc. stated Friday that it will close 11 stores in seven states, affecting 700 workers. The chain, with headquarters in Birmingham and almost 390 stores nationwide
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Ailing supermarket chain Kwik Save is expected to go into administration at midday BST, closing 90 stores.
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Saks Inc. announced plans to shut seven Saks Fifth Avenue stores, including one in Garden City, LI, and three Off 5th discount stores.
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Rupert Murdoch&#39;s News Corporation is to close its Wapping printing site with the loss of up to 700 jobs and spend more than Â£600m on three new plants in Enfield, Glasgow and Liverpool.
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By Leon Stafford, The Atlanta Journal-Constitution  Mar. 9--Electronics retailer CompUSA will close all its metro Atlanta  stores in the next 60 to 90 days, the company said Thursday.
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The General Electric Companyâs Japanese consumer lending unit said it would close 60 percent of its branches and cut 15 percent of its employees as part of a restructuring plan. The GE Consumer Finance Company, a Tokyo-based lender, will shut 73 of its 115 branches and 200 of its 1,342 unmanned outlets, the firm said. The company said it would also cut as many as 400 employees out of 2,600 by the end of June.
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In response to an increasingly difficult retail environment, Sprint Nextel says about 4,000 employees will be laid off and about one out of every eight retail stores will close.