Monday, November 10, 2008

Circuit City closing 155 stores

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


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)



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


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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