Circuit City closing up shop…69 shops to be exact

“Circuit City Stores Inc., the nation’s No. 2 consumer electronics retailer, said Thursday it plans to close seven domestic Superstores, a Kentucky distribution center and 62 company-owned stores in Canada to cut costs and improve its financial performance.

The closings will take place over the next six months at an expected total cost of $85 million to $105 million, all to be incurred in the current fourth fiscal quarter, which ends Feb. 28, Circuit City said.”

They don’t mention the locations yet because the employees don’t know yet, but like ’em or not, it’s about 100x easier to get checked out there than at Best Buy.  I swear, it must be a rule that a checkout line has to be at more than 20 people before Best Buy will open another one.

Full article

%d bloggers like this: