Circuit City to shut stores, realign top ranks
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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, 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., 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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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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Circuit City Stores Inc.  said on Thursday it is closing about 70 stores, most of them in Canada, and Chief Merchandising Officer Douglas Moore has left as the company responds to increased pressure in the electronics retail market.
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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. 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.  said on Friday that its chief financial officer is leaving the company to become finance chief at Petco Animal Supplies Inc., sending shares of the consumer electronics retailer down as much as 5.1 percent.
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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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Shares of the electronics retailer Circuit City Stores fell sharply after the company reported a wider-than-expected loss.
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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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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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RICHMOND -- Circuit City, the nation's No. 2 electronics retailer, approved millions of dollars in cash incentives to retain its top talent following the departure of several key executives over the past year.
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Circuit City Stores Inc., the nation's No. 2 chain of consumer electronics stores, said Wednesday it will close 19 superstores, five regional offices and a distribution center by the month's end as it attempts to improve its lagging finances.
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RICHMOND -- Circuit City Chief Executive Philip Schoonover is hoping he can make more out of less in the latest attempt to turn around the big-box chain.
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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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The retailer said it will reduce the number of new supercenters to be opened this year by nearly 30 percent, or roughly 75 stores.