Circuit City's Sales Short-Circuit
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The company reports a decline in same-store sales for the third quarter.
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Circuit City's recent profit warning and concerns about competition have pulled the plug on the consumer electronics retailer's shares.
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Circuit City Stores Inc. CC.N 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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CHICAGO (CBS.MW) -- Circuit City Stores shares plummeted 10 percent Monday after the nation&#39;s No. 2 electronics retailer said that its third-quarter same-store sales fell 4.3 percent.
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Consumer electronics retailer Circuit City Stores Inc. said Tuesday it swung to a loss in the third quarter as deep discounts on flat-panel televisions and computer hardware and software cut into profit margins. It also lowered its full-year sales outlook and shares fell more than 16 percent.
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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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Shares of the electronics retailer Circuit City Stores fell sharply after the company reported a wider-than-expected loss.
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Circuit City Stores, the second-largest U.S. consumer-electronics chain, said it is cutting about 850 jobs in the United States, on top of 3,400 eliminated in March, as it realigns store management.
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RICHMOND -- Holiday shopping might not be enough to save the fourth quarter for struggling electronics retailer Circuit City Stores.
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Circuit City Stores Inc. CC.N on  Friday reported a smaller quarterly loss as it kept a tight  rein on expenses and demand increased for digital televisions,  notebook computers and other popular products.
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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 advanced television sales and an uncertain economic environment.
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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 Stores Inc. CC.N, the  No. 2 U.S. electronics retailer, on Wednesday said it failed to  draw in enough holiday shoppers to hit its December sales  estimates, sending its shares down over 6 percent.
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Circuit City Stores Inc. onTuesday 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 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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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 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.