Sales Plummet at Circuit City
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Consumer electronics retailer Circuit City reported lower-than-expected earnings on Thursday after it cut prices on flat-panel TVs and computers.
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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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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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Circuit City Stores Inc. (CC.N: Quote, Profile, Research) on Friday reported a narrower quarterly loss as it kept a tight rein on expenses and sales of digital televisions
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Circuit City Stores Inc. said Tuesday that same-store sales for the quarter ended August 31 rose 2.9 percent at US stores open at least 12 months, and total sales rose 8.9 percent on improvements in store-level execution and growth in Web-based sales.
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Circuit City Stores Inc. CC.N 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.
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Circuit City Stores Inc. reported a smaller-than-expected loss in the third quarter on store efficiencies and higher extended warranty sales, but the retailer's top executive said holiday sales have been slower than expected so far.
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Sales at stores open at least a year rose 2.9 percent at Circuit City Stores Inc. in the fiscal second quarter. The results, also called same-store sales, were lower than Wall Street estimates for the June-through-August period.
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The retailer's same-store sales decline.
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Circuit City Stores Inc. , 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. .
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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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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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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.  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 &#36;3.25 billion takeover offer.
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By Zinie Chen Sampson Associated Press  RICHMOND, Va. -- Circuit City Stores Inc.
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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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Circuit City Stores Inc. , which has lost market share to Best Buy Co. Inc. and continues to report disappointing sales, received a $3.25 billion cash buyout offer from a Boston investment firm known for rattling management at underperforming companies.