Circuit City to close 69 stores
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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 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, 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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Shares of the electronics retailer Circuit City Stores fell sharply after the company reported a wider-than-expected loss.
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Retailer Sears Holdings Corp said on Friday that it would close two Sears stores in Hollywood, California, and New York City for business reasons.
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Circuit City Stores Inc., the No. 2 US electronics chain, said yesterday its second-quarter loss narrowed to $11.9 million as the company sold more plasma-screen televisions and benefited from the acquisition of a Canadian retailer.
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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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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 has a plan to turn the company around, but significant challenges remain.
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The computer retailer plans to shutter 126 stores, and greedy geeks get ready to snag some bargains. In Gadget Lab.
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Circuit City Stores Inc.  said on Thursday it is closing about 70 stores and that Chief Merchandising Officer Douglas Moore has left the company as it responds to increased pressure in the electronics retail market.
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Electronics retailer Circuit City Stores Inc  posted a quarterly loss on Thursday as sales fell and the company cut jobs in an effort to turn business around.
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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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Circuit City said it was closing about 70 stores, most of them in Canada, and that its chief merchandising officer had left the company.
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Bankrupt toy seller KB Toys Inc. said on Tuesday it plans to close 141 to 238 underperforming stores by the end of January as part of its reorganization effort.
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Electronics retailer Circuit City Stores Inc. on Friday reported a wider-than-expected loss for the third quarter, driven by lower extended warranty sales and restructuring costs.
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U.S. retailer Macy's Inc said on Friday it would close nine underperforming stores in Indiana, Ohio, Louisiana, Oklahoma, Utah and Texas.
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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.