Circuit City Plans To Shut 19 Stores
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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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Report: Retailer could terminate as many as 1,200 positions stemming from stores sold to Home Depot.
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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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The computer retailer plans to shutter 126 stores, and greedy geeks get ready to snag some bargains. In Gadget Lab.
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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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Circuit City Stores Inc. CC.N, the  No. 2 U.S. electronics retailer, on Wednesday posted a 5.8  percent drop in December sales at stores open at least a year  as customer traffic fell below year-ago levels.
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Retailer Talbots Inc. said Friday it will close 78 kids' and mens' stores by September and discontinue those businesses as part of a bid to focus more on its core customer Â women who are 35 years old or older.
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Losing sales to BlackBerrys and iPhones, the smartphone maker said it will close seven of its eight retail stores in February.
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CompUSA has decided to close 126 of the 225 electronics stores it operates in the U.S. and Puerto Rico as part of a massive realignment aimed at cutting costs.
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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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Circuit City Stores Inc.  said on Thursday that it would close a number of stores, cut some jobs and change its management structure as it faces increased pressure in the electronics retail market.
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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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New York retailing group Saks said Friday it will close 11 stores and shed 700 jobs. The company said it will close down eight Saks Fifth Avenue stores and three Off 5th Avenue
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The Blue Bell, Pa.-based company said it will close some of its facilities and reduce its employee head count.
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THE REGION CompUSA Inc. says it will close six of its seven stores in Massachusetts by May 31 as part of a restructuring plan that calls for shuttering more than half its stores, spokeswoman Jessica Nunez said. Chief executive Roman Ross cited "changing conditions in the consumer retail electronics market." In Massachusetts, the chain plans to close stores in Framingham, ...
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Circuit City Stores Inc. , the No. 2 U.S. electronics retailer, on Wednesday reported a 5.8 percent drop in December sales at stores open at least a year as customer traffic fell below last year's levels.
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$440m cash injection CompUSA today sounded the Big Retreat, announcing plans to close more than half of its US stores.â¦