Circuit City Stores Inc. is closing 155 of its more than 700 U.S. stores by Dec. 31. The stores are spread throughout 28 states, including multiple locations in areas like Phoenix and Atlanta. It is laying off about 17 percent of its domestic work force, which could affect up to 7,3...
ANALYSTS GENERALLY POSITIVE ON CIRCUIT CITY STORE CLOSURES.Zaczkiewicz, Arthur
Employees were being notified Friday that they would lose their jobs and, if a judge gives final approval to the liquidation, stores would begin the closing process as early as Saturday. "Regrettably for the more than 30,000 employees of Circuit City and our loyal customers, we were unable t...
Store Closings: Some See Negligible Effect On Sales.(Circuit City Stores Inc.)(Best Buy Company Inc.)Wolf, Alan
A week ago, the bad news about Circuit City was that it was closing 115 of its locations. New week, new bad news: The company has filed for Chapter 11 voluntary bankruptcy, a move that will will let it continue business without having to pay all its cred
It’s a sad day for electronics shoppers: Circuit City, the second-largest retailer of consumer electronics, has announced it is forced to close all its remaining 567 U.S. stores and sell all its merchandise. The closing also leaves 34,000 Circuit City employees out of a job. The ...
danger of being delisted because its closing stock price averaged less than $1 over a 30-day trading period. Its second-quarter losses ballooned to nearly $240 million while cash flow dropped to less than $100 million. Last fiscal year, Circuit City lost $320 million, its worst performance ...
Few weeks ago I went to a closing Circuit City to buy a mouse (none left), store was 90-95% empty. So, I decided to look at HDTVs since I want to buy one. They were still selling items (mostly TV/AV) for only 10-20% off retail prices. I told the clerk Amazon has better ...
During a hearing, Circuit City lawyer Gregg M. Galardi told the bankruptcy (破产) court that since the Chapter 11 filing, same-store sales had fallen 43 percent to 50 percent at stores that are not slated to close. Richmond-based Circuit City is closing 155 of its 722 U.S. stores. ...
Circuit City extracts savings from store-level operations.Reports on the business operations of the Richmond, Virginia-based retail franchise, Circuit City Stores Inc. for the year 2003. Elimination of commissioned floor sales; Reduction in wages of store-level associates; Development of a store ...