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What do do with Circuit City’s 155 closed stores?
What’s going to happen to the 155 closed Circuit City stores? Best Buy already has better locations, as the business media are always pointing out. They were built for a specific user that sells
Read More »No position safe at Circuit City
Five hundred eighty-eight. That is the number of employees Circuit City laid off Friday. From account executive to visual merchandiser, the company axed positions in seemingly every department and every level of employment, according
Read More »Circuit City files for Chapter 11 Bankruptcy
Circuit City Stores has filed for Chapter 11 Bankruptcy protection. The company will go before the bankruptcy court today in an expedited hearing. BizSense has also obtained the letter sent to employees this morning
Read More »Circuit City lays off hundreds
Updated: 9:52 a.m. Electronics retailer Circuit City laid off as many as 1,000 employees at their corporate headquarters in Henrico this morning, according to an employee inside the company. The Times-Dispatch is reporting that
Read More »Circuit City closes three VA stores
Circuit City will close three stores in Virginia as part of a move to preserve cash at the badly bleeding electronics retailer. Two are in northern Virginia and one is in Charlottesville
Read More »Outsted Circuit City CEO departing Richmond?
Richmond has few recruiters who place CEOs of Schoonover’s pay level, and his skills would make him more of a national candidate. Forgetting for a moment that former Circuit City CEO Philip Schoonover might
Read More »CarMax and Circuit City: Sniffles and Pneumonia:
It was a rough week for CarMax and Circuit City. CarMax stock shed $2 a share, or about 11%, on news that profits at the company dropped 55%. Meanwhile, Circuit City – the company
Read More »BlockCity?
The movie-rental chain Blockbuster announced this week that it wants to buy Circuit City for more than $1 billion. What sort of movie would this be? A horror film? Maybe a romantic comedy? Blockbuster
Read More »Circuit City + Block buster =
So Blockbuster wants to buy Circuit City. What sort of movie would this be. A horror film? Maybe a romantic comedy? Blockbuster has been trying to swoon Circuit City with love letters, and now
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