Highlights
A collection of news and information related to Circuit City Stores Incorporated published by Tribune Company sources.
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Circuit City Still Considering Sale Of Electronics Chain
Circuit City Stores Inc. said Tuesday that it's still considering a sale of the company four months after announcing it was reviewing its options to improve shareholder value. The Richmond-based electronics retailer remains committed to its turnaround...Tags: Electronics
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Stocks of local interest in the news
Circuit City Stores Inc. Friday's close: $1.69, down 1.17 percent for week Circuit City said last week that it's still considering a sale of the company. The Richmond, Va.-based electronics retailer also announced the appointment of James A. Marcum as...Tags: Lowe's Companies Incorporated, Take-Two Interactive Software Inc., Darden Restaurants, Brinker International Incorporated, Video Games
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Circuit City still considering sale
Associated Press WriterCircuit City Stores Inc. said Tuesday it's still considering a sale of the company four months after the consumer electronics retailer first announced it was reviewing its options to improve shareholder value. The Richmond-based company remains...Tags: Management Change, Mergers, Acquisitions and Takeovers, The Goldman Sachs Group Incorporated, Blockbuster Incorporated, Electronics
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Mad Magazine pulled, but now in stock
Circuit City Stores Inc. temporarily banished the irreverent Mad Magazine from its shelves for poking fun at the consumer electronics retailer. But the Richmond, Va.-based company said Monday "some overly sensitive souls at our corporate headquarters"...Tags: Wii, Newspaper and Magazine, Books and Magazines, Magazines, Nintendo Company Ltd.
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Blockbuster suffers loss; predicts profits on horizon
South Florida Sun-SentinelBlockbuster Inc. suffered another loss in the second quarter, but the struggling movie rental chain showed signs of progress by wringing more revenue from its stores while lowering its costs. Heartened by its rising sales, Blockbuster modestly raised its...Tags: Television Industry, Mergers, Acquisitions and Takeovers, Mark Twain, Blockbuster Incorporated, Netflix Inc.
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Scramble is on to draw shoppers
Associated PressRetailers preparing for a difficult back-to-school season are getting creative in their attempts to entice shoppers into the stores - aggressively introducing new products, slashing prices and ramping up marketing in the battle for parents' bucks. But...Tags: Sales, Kohl's Corporation, Costco Wholesale Corporation, Staples Inc., Office Depot Inc.
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Circuit City mum on buyout prospects
Circuit City Stores Inc. stayed mum yesterday about whether a buyout is in the future for the consumer electronics retailer, but an activist investor expects an announcement of a possible sale within the next month. Mark J. Wattles, whose investment...Tags: Electronics
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Circuit City shares hit 52-week low
Shares of Circuit City Stores Inc. tumbled more than 21 percent yesterday to a 52-week low a day ahead of the consumer electronics retailer's annual shareholders meeting. Shares of the Richmond, Va.-based company fell 91 cents, or 21.3 percent, to $3.37...Tags: Electronics
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Circuit City shares fall as takeover bid is pulled
Associated PressCircuit City Stores Inc. plummeted to historic lows in trading yesterday after Blockbuster Inc. withdrew its takeover bid, causing investors to question the consumer electronics retailer's future. Shares of the Richmond, Va.-based company fell 23 cents,...Tags: Mergers, Acquisitions and Takeovers, Best Buy Company Incorporated, Blockbuster Incorporated, Electronics
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Blockbuster pulls bid for Circuit City
From Chicago Tribune news servicesBlockbuster Inc., the world's largest movie-rental chain, withdrew its offer of more than $1 billion for electronics retailer Circuit City Stores Inc. after taking a closer look at its finances. "Based on market conditions and the completion of our...Tags: Blockbuster Incorporated, Electronics
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CarMax seen gaining in used-car sales race
Dow Jones NewswiresSome investors think that once the dust settles in North American auto markets, used-car seller CarMax Inc. will be in the winners' circle. But those shareholders, who include Warren Buffett, could face a bumpy ride in the meantime. Amid soaring gas...Tags: Warren Buffett, Vehicles, Sales, Prices, CarMax Inc.
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Circuit City loss widens as sales tumble; Smucker net shrinks
Associated PressRICHMOND, Va. — Circuit City Stores Inc. said Thursday its loss widened in the first quarter because of a more than 11 percent drop in sales at established stores. The nation's second-largest electronics retailer also said it expects a bigger...Tags: Procter & Gamble Company, Sales, Ohio, Best Buy Company Incorporated, Electronics
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