Circuit City plans more job cuts: report
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Consumer electronics retailer Circuit City Stores Inc.  plans another round of job cuts, affecting about 850 store managers and headquarters staff, the Wall Street Journal reported in its online edition on Thursday.
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Circuit City (CC:NYSE - news - research) Monday said same-store sales fell 4.3% in the third-quarter, attributing the decline to decreased promotions as well as weaker sales of music and movie software and wireless products.
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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 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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DEARBORN, Mich. -- Ford Motor Co.'s board will be faced this week with the option of cutting about 6,000 more jobs than previously announced as part of changes to its North American turnaround effort, according to a published report yesterday.
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Circuit City Stores Inc , which  is working to turn around its business, has approved cash  awards designed to retain upper-level executives over the next  few years, the electronics retailer said in a federal filing on  Wednesday.
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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 television sales and an uncertain economic environment.
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Circuit City Stores Inc. (CC.N: Quote, Profile, Research) 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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Struggling electronics maker Sanyo  Electric Co. (6764.T) is considering slashing up to 1,000 more  jobs as it seeks to rebuild its appliance operations, the  Sankei daily reported on Thursday.
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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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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.
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Circuit City Stores Inc , which is working to turn around its business, has approved cash awards designed to retain upper-level executives over the next few years, the electronics retailer said in a federal filing on Wednesday.
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Circuit City Stores Inc. on Friday reported a narrower third-quarter loss from continuing operations as sales of higher-margin warranties and improved distribution helped offset weak merchandise sales.
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Circuit City Stores Inc. (CC.N: Quote, Profile, Research) 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, 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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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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Sony Corp.&#39;s (6758.T) game unit said on  Thursday it planned to cut jobs in the United States and was  eyeing restructuring steps in Japan as it struggles to keep up  with industry rival Nintendo Co. Ltd. (7974.OS).