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Circuit City Depletes Brain Trust
Mark Fleischmann  |  Apr 04, 2007
Circuit City announced last week that it would fire 8.5 percent of its retail-floor staff and hire replacements at lower pay. Savor the insane panache of the press release: "The company has completed a wage management initiative that will result in the separation of approximately 3,400 store Associates. The separations...focused on Associates who were paid well above the market-based salary range for their role. New Associates will be hired for these positions and compensated at the current market range for the job." Said CEO Philip J. Schoonover: "We are taking a number of aggressive actions to improve our cost and expense structure, which will better position us for improved and sustainable returns in today's marketplace."
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Audio Video News
Circuit City Dropping VHS
Barry Willis  |  Jun 23, 2002

A surprise announcement from the nation's second-largest consumer electronics retailer may put the decline of videotape into hurry-up mode.

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Audio Video News
Circuit City Feels HD DVD Owners' Pain
SV Staff  |  Mar 05, 2008
According to a Circuit City employee tip-off to Gizmodo, the retailer plans to take back HD DVD players from consumers who've become casualties of the high-def format war. Instead of its typical 30-day return policy, Circuit City will extend...
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Audio Video News
Circuit City Files Chapter 11: Women and Children First
SV Staff  |  Nov 10, 2008
Just days after announcing that they're shutting down 155 stores and laying off thousands of employees, Circuit City just took another step towards the deep end of the pool. Today, Circuit City filed for chapter 11 bankruptcy. Chapter 11...
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Audio Video News
Circuit City Officially Bankrupt
Mark Fleischmann  |  Nov 10, 2008
Recent store closures have not been enough to save Circuit City from the apocalypse. The mega-chain has filed for Chapter 11 bankruptcy protection.
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Audio Video News
Circuit City Receives a Lifeline
SV Staff  |  Nov 11, 2008
Circuit City is not going down without a fight. Just a day after filing chapter 11 bankruptcy, Bank of America comes to the rescue. To the tune of $1.1 billion. Yowza.Not sure if that's even going to be enough - the company is $2.3 billion in...
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Audio Video News
Circuit City Receives a Lifeline
SV Staff  |  Nov 11, 2008
Circuit City is not going down without a fight. Just a day after filing Chapter 11 bankruptcy, Bank of America comes to the rescue. To the tune of $1.1 billion. Yowza.Not sure if that's even going to be enough — the company is $2.3 billion in...
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Audio Video News
Circuit City Return Policy
SV Staff  |  Jan 20, 2009
Sad and depressing, but it needs to be discussed. Circuit City customers need to understand how the company is handling their returns during this transitional period — as they transition from company to nothingness.We reported last week that...
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Audio Video News
Circuit City Shrinks Self
SV Staff  |  Nov 03, 2008
Things are tough, especially in consumer electronics. Circuit City is really taking it on the chin. As we previously reported, the rumor was that CC was going to close stores to try to stay afloat. Now, that rumor has become reality.It was...
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Audio Video News
Circuit City Struggles for Survival
Mark Fleischmann  |  Apr 18, 2007
Recent doings at Circuit City may be of interest in the wake of the mass firings reported here and elsewhere. The story became a Primedia trifecta--covered here, on the Stereophile site, and on the Ultimate AV site--in addition to wide coverage elsewhere including a stern editorial in the New York Times.
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Audio Video News
Circuit City's Blood in the Water
Mark Fleischmann  |  Oct 23, 2008
Attention, shoppers. Circuit City may close 150 stores as an alternative to bankruptcy. The reason this grim news may be of interest is that when stores close, inventory gets liquidated--and that could mean sweet deals for consumers down the road.
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Audio Video News
Circuit City's Rough Road
Scott Wilkinson  |  Feb 28, 2005

This certainly has been a busy couple of weeks for Circuit City, the #2 retail outlet for consumer electronics in the U.S. No less than three separate events are bound to have an major impact on the company.

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Circuit City, Cutting Off Nose?
SV Staff  |  Oct 22, 2008
You know the saying, cutting off your nose to spite your face? You have to wonder if Circuit City might have done the same. We reported earlier this week that the mega-retailer is going to shut down 150 stores and is laying off thousands of...
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Circuit City; Trimming the Fat
SV Staff  |  Oct 20, 2008
Circuit City is getting lean and mean. Cutting the fat, drastically, so to speak. In perhaps a last ditch effort to stay afloat, the second biggest consumer electronics brick-and-mortar retailer is closing at least 150 stores.  That's huge -...
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Circuit's Loss Is Best Buy's Gain
Mark Fleischmann  |  Mar 04, 2009
One door closes and another opens. Where will Circuit City customers take their business after the mega-chain's swan dive? To Best Buy, 55 percent of them told NPD Group researchers.
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