Circuit City to close 155 stores by December 31st of this year.
Circuit City has been trying to regain a foothold on profitability and regain the investor confidence they once enjoyed. They have been facing intense competition from Best Buy Co Inc, which has been rapidly gaining market share in the key electronics categories which Circuit City once held.
The Richmond, Va.-based Circuit City Stores Inc.home office announced Monday that it plans to lay off 17 percent of its workforce in the U.S. in addition to closing the 155 stores in a move to restructure itself during the current financial crisis and the recent downturn in retail business.
The following States and city stores will be affected:
ALABAMA: Anniston, Trussville
ARKANSAS: Fayetteville
ARIZONA: Avondale, Chandler, Gilbert, Goodyear, Mesa (2), Peoria, Phoenix (4 stores), Queen Creek, Scottsdale
CALIFORNIA: City of Industry, Compton, Concord, Dublin, Escondido, Fairfield, Fontana, Foothill Ranch, Fremont, Merced, Mira Loma, Moreno Valley, Morgan Hill, Murrieta, Palo Alto, Pittsburg, Pomona, Richmond, Riverside, San Rafael, Santa Barbara, Santa Maria, Thousand Oaks, Vista
COLORADO: Colorado Springs, Northglenn, Parker
CONNECTICUT: Orange
FLORIDA: Jacksonville (2 stores), Naples, Orlando, Panama City, Tallahassee, Vero Beach
GEORGIA: Acworth, Alpharetta, Atlanta (4 stores), Bogart, Buford, Conyers, Cumming, Douglasville, Duluth, Hiram, Kennesaw, Macon, Morrow, Newnan, Snellville, Warner Robins
ILLINOIS: Arlington Heights, Batavia, Bloomingdale, Bolingbrook, Calumet City, Chicago, Countryside, Crystal Lake, Joliet, Zurich, Niles, Oswego, South Barrington, Vernon Hills
INDIANA: Clarksville, Indianapolis, Lafayette, South Bend
KANSAS: Lenexa, Overland Park
KENTUCKY: Lexington, Louisville, Paducah
LOUISANA: Baton Rouge, Kenner, Marrero, Slidell
MARYLAND: Baltimore, Beltsville, Marlow Heights
MICHIGAN: Auburn Hills, Bloomfield, Dearborn, Jackson, Muskegon, Pontiac, Rochester Hills
MISSOURI: Ferguson, Independence, Kansas City (2 stores)
MISSISSIPPI: Tupelo
NORTH CAROLINA: Charlotte
NEW JERSEY: Freehold, Livingston
NEVADA: Sparks
NEW YORK: Bay Shore, Bronx, Brooklyn, Holbrook, Lake Grove, Massapequa, New York, West Nyack
OHIO: Brooklyn, Cincinnati, Columbus (2 stores), Cuyahoga Falls, Elyria, Garfield Heights, Grove City, Mansfield, Mayfield Heights, Mentor
OKLAHOMA: Norman, Oklahoma City
TENNESSEE: Antioch, Collierville, Memphis, Spring Hill
TEXAS: Burleson, Cedar Park, Dallas, Houston, League City, Mansfield, McKinney, Sherman, Temple
VIRGINIA: Charlottesville, Manassas, McLean
WASHINGTON: Federal Way
WISCONSIN: Milwaukee
Keep a look out for the start of the slash and burn sales at these locations over the next few days.
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