Circuit City Revamps Its Retail Strategy
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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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By Zinie Chen Sampson Associated Press  RICHMOND, Va. -- Electronics retailer Circuit City Stores Inc.
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Circuit City Stores Inc. CC.N on  Wednesday said it would close 19 superstores, five regional  offices and a distribution center by the end of the month, a  day after the struggling electronics retailer received a $3.25  billion takeover offer.
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Electronics retailer Circuit City Stores Inc. said Thursday it lost $62.8 million in the second fiscal quarter, on lower overall sales and a restructuring.
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Circuit City Stores Inc. , the  No. 2 U.S. consumer electronics chain, on Wednesday reported  higher-than-expected quarterly profit helped by strong sales of  flat-panel televisions and laptop computers.
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Consumer electronics retailer Circuit City Stores Inc.  plans another round of job cuts, affecting about 850 store managers and headquarters staff, the Wall Street Journal reported in its online edition on Thursday.
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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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Circuit City Stores Inc. on Friday reported a narrower third-quarter loss from continuing operations as sales of higher-margin warranties and improved distribution helped offset weak merchandise sales.
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The company has changed its strategy in an effort to dominate the newest generation of video game consoles.
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Electronics retailer Circuit City  Stores Inc. , which is in the midst of a multiyear effort  to overhaul its business and win back market share, on  Wednesday said it named Bruce Besanko chief financial officer,  effective July 30.
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If you build it, or in the case of Circuit City's Web site, re-build it, they won't necessarily come. So, to ensure visits to the new CircuitCity.com, the electronics retailer yesterday started rolling out a multimedia push that promotes a "Plasma Screen TV Makeover" online contest that carries a grand prize of five flat-screen TVs and home-theater equipment worth &#36;20,000.
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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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Consumer electronics retailer Circuit  City Stores Inc.  plans another round of job cuts,  affecting about 850 store managers and headquarters staff, the  Wall Street Journal reported in its online edition on Thursday.
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Circuit City Stores Inc. CC.N on  Friday posted a narrower quarterly loss from continuing  operations but said its outlook was cautious for the current  quarter, which includes the holiday shopping season.
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Circuit City Stores Inc.  reported an unexpected quarterly loss on Tuesday as the retailer cut prices on hot electronics like flat-panel televisions and computers to lure customers into its stores during the holiday shopping season.
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Circuit City Stores Inc , which is working to turn around its business, has approved cash awards designed to retain upper-level executives over the next few years, the electronics retailer said in a federal filing on Wednesday.
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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.