Circuit City's holidays not so happy
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Company posts big loss amid a variety of problems that are "self-induced." It also expects an operating loss for the current quarter, which includes the holiday selling season.
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Ailing electronics retailer Circuit City Stores Inc. yesterday said it would close 19 stores, five regional offices and a distribution center, launching a major cost-cutting campaign just one day after disclosing it has become the subject of a takeover bid.
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Consumer electronics retailer Circuit City reported lower-than-expected earnings on Thursday after it cut prices on flat-panel TVs and computers.
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Electronics retailer Circuit City Stores Inc. reported a $54.6 million first-quarter loss Wednesday and withdrew its financial guidance for fiscal 2008 as the company slashed jobs and restructured to fend of competition.
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Circuit City, still smarting from the vicious price war of the past few months over flat-panel TV sets, yesterday announced plans to close dozens of stores, fire workers and shake up top management.
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Fix your bad holiday spending habits.
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In what has become an annual tradition, last week I staged a one-man âsick outâ from my day job to visit the Consumer Electronics Show in Vegas. And Iâd like to correct a few wild rumors before they get out of hand. First, I did not walk off with the sashimi platter at the Verizon party at Nobu, nor did I challenge Jackie Chan to a Drunken Fist deathmatch at the XaviX press conference.
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Circuit City Stores Inc. CC.N 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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It may be up to Pittsburgh shoppers to determine if consumer electronics retailer Circuit City continues its foray into the eBay drop-off business.
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Lower customer traffic and disappointing desktop computer sales dragged down all-important December same-store sales at Circuit City Stores Inc. by 5.8 percent, "well below" the chain's expectations, its chief executive said yesterday.
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Electronics retailer Circuit City Stores Inc  forecast a loss for the holiday season on Friday, citing store changes that were hurting sales, and its shares plummeted almost 25 percent to four-year lows.
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Shares in Circuit City Stores Inc  plummeted 25 percent on Friday after the U.S. electronics retailer forecast a loss for the holiday shopping season.
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Circuit City (NYSE: CC), like its rival Best Buy (NYSE: BBY), preannounces its sales numbers every quarter. Today, where Circuit City&#39;s second quarter was concerned
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RICHMOND, June 20 -- Electronics retailer Circuit City, which earlier this year cut jobs and restructured in an effort to keep up with competitors, reported a $54.6 million quarterly loss Wednesday and withdrew its financial guidance for fiscal 2008.
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LONDON (CBS.MW) - Electronics retailer Circuit City Stores on Friday narrowed its fiscal second quarter loss, citing improvements in the average ticket price and extended warranty penetration rates on key merchandise.
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Circuit City Stores posted a narrower quarterly loss from continuing operations on Friday but said the outlook was cautious for the current quarter, which includes the key holiday 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.