Circuit City withdraws earnings forecast
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Consumer electronics retailer Circuit City Stores Inc.  on Wednesday posted a quarterly loss that it called disappointing and withdrew its earnings forecast, citing a drop in television sales and an uncertain economic environment.
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Circuit City Stores Inc. , the nation's number two consumer electronics retailer, said yesterday it plans to close seven domestic superstores, a Kentucky distribution center, and 62 company-owned stores in Canada to cut costs and improve its financial performance.
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Circuit City Stores Inc. (CC.N: Quote, Profile, Research) on Friday reported a narrower quarterly loss as it kept a tight rein on expenses and sales of digital televisions
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Circuit City Stores, the consumer electronics chain, reported a smaller-than-expected loss in the second quarter Friday because of higher sales and fewer
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Circuit City Stores Inc. reported a gain of 2.9 percent in quarterly same-store sales Tuesday, but growth lagged estimates due to a calendar shift and reduced spending in August.
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Circuit City Stores Inc. CC.N, the  No. 2 U.S. electronics chain, on Monday reported a surprise 4.3  percent drop in quarterly sales at stores open at least a year,  signaling a further widening gap with top rival Best Buy Co.  Inc. BBY.N.
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Circuit City Stores Inc.   reported an unexpected quarterly loss on Tuesday as the  consumer electronics retailer could not sell enough flat-panel  televisions to offset falling prices.
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Circuit City's sales predicament is worrisome -- when will it recover?
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Circuit City Stores Inc. on Tuesday  reported a 2.9 percent gain in quarterly same-store sales, but  its growth lagged estimates due to a calendar shift and reduced  spending through August.
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Circuit City (CC:NYSE - news - research) posted a weak third-quarter sales preview, signaling that its attempts to revitalize its brand in consumer electronics are still being eclipsed by stronger competitors, such as Best Buy (BBY:NYSE - news - research
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By ZINIE CHEN SAMPSON  RICHMOND, Va. - Electronics retailer Circuit City Stores Inc. said Wednesday it lost $54.6 million in the first fiscal quarter - when it cut jobs to reduce costs and restructured to fend off competition - and withdrew its earnings guidance for 2008.
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Circuit City Stores Inc. CC.N on   Wednesday reported higher-than-expected quarterly profit,   driven by strong sales of flat-panel televisions and laptop   computers during the back-to-school shopping season, and   fine-tuned its sales forecasts higher.
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Circuit City Stores Inc. CC.N, the   No. 2 U.S. consumer electronics chain, on Wednesday reported   higher-than-expected quarterly profit driven by strong sales of   flat-panel televisions and laptop computers during the   back-to-school shopping season.
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Circuit City Stores Inc., the nation's No. 2 consumer electronics retailer, said Thursday it plans to close seven domestic Superstores, a distribution center and 62 company-owned stores overseas to cut costs and improve its financial performance.
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Circuit City Stores Inc. on Monday  posted a quarterly profit compared with a loss a year earlier,  boosted by strong sales of high-ticket items like flat-panel  televisions and digital music players.
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The surprise quarterly loss came after Circuit City cut prices on hot electronics like flat-panel TVs and computers to lure customers during the holiday shopping season.
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Circuit City Stores Inc. reported a smaller-than-expected loss in the third quarter on store efficiencies and higher extended warranty sales, but the retailer's top executive said sales closer to the holiday season were slower than expected.