Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Business News

Circuit City Plans to Close 155 Stores

Nov. 3, 2008
The consumer electronics retailer said it would close about 20 percent of its American stores in an effort to return to profitability.
Related Stories from UPI.com

Analysts: Circuit City layoffs backfired

RICHMOND, Va., May 2 (UPI) -- Circuit City Stores Inc.'s replacement of high-paid employees with cheaper workers hurt the U.S. consumer electronics retailer's bottom line, analysts say.

Circuit City lays off 3,500

RICHMOND, Va., March 28 (UPI) -- No. 3 U.S. consumer-electronics retailer Circuit City Stores Inc. said Wednesday it laid off 3,400 store workers and 130 corporate jobs to cut costs.

Circuit City to close 7 U.S. stores

RICHMOND, Va., Feb. 8 (UPI) -- Circuit City Stores Inc. said Thursday it would close seven U.S. Superstores and a distribution center to cut costs and improve its financial performance.

Best Buy, Circuit City boost sales

MINNEAPOLIS, Jan. 5 (UPI) -- Best Buy Co. and Circuit City Stores Inc., the two biggest U.S. consumer electronics retailers, reported higher December same-store sales Friday. Best Buy, the nation's largest electronics retailer, said December same-store sales rose 7 percent, while Cir
1 of 29
French Open tennis in Paris
View Caption
Russian Maria Sharapova signs autographs after winning her French Open womens first round match against Romanian Alexandra Cadantu at Roland Garros in Paris on May 29, 2012. Sharapova defeated Cadantu 6-0, 6-0 to advance to the next round. UPI/David Silpa