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Circuit City web sales short-circuit in the second quarter

In the second quarter ended Aug. 31, Circuit City, No. 16 in the Internet Retailer Top 500 Guide, reported that direct sales, which are almost all generated online, increased by only 1%, although the company didn’t break out a specific number. In comparison, Circuit City posted direct sales growth of 20% in the second quarter of 2007.

Circuit City Shareholder Shrinks Stake

Circuit City’s stock dropped Wednesday after one of its top shareholders dropped more than 750,000 shares. According to the Associated Press, HBK Investments said in an SEC filing this week that it has dropped its stake in Circuit City to 8.7 percent, from just over 9 percent as of earlier this summer. Circuit City’s stock fell 15 percent Wednesday to $1.54 a share.

Circuit City Demands All Copies of Mad Magazine with Ad Parody Destroyed

In this month's Mad Magazine, there's an ad parody for Circuit City (Sucker City! Oh, Mad Magazine you rascal!) that takes aim at the electronics retailer. Always across the street from a Best Buy! Expensive TVs! The price always goes down right after you bought it! Wah wahhhh! I wasn't even aware that Circuit City sold Mad Magazine, but apparently they do, and they sure are pissed. In fact, they're ordering every store to destroy every copy of the offending issue. Hit the jump for the full ad parody and Circuit City's internal response.

Circuit City Declares 'Sales Tax Holiday' August 9-10 in Its California Stores; Extra Savings Will Help Back to School Shoppers Facing High Energy Bills

RICHMOND, Va., Aug. 5 /PRNewswire-FirstCall/ -- In a move to help consumers stretch their dollars during the important back to school shopping season, Circuit City stores across California will invite shoppers to celebrate a "Sales Tax Holiday" August 9-10, 2008. During the weekend, Circuit City will absorb the cost of state and local sales taxes for all purchases made in all of its 95 California stores. The savings for shoppers, averaging eight percent, will be in addition to seasonal sales promotions already underway. "We've seen shoppers enjoy the savings during sales tax holidays in other states around the country and we want to offer that same opportunity to consumers in California," said John T. Harlow, executive vice president and chief operating officer at Circuit City Stores, Inc.

Circuit City seeks jolt as embattled CEO departs

Circuit City Inc. CEO Philip J. Schoonover poses in front of a display of widescreen televisions at the Circuit City store in Glen Allen, Va., Nov. 21, 2005. THE ASSOCIATED PRESS/Steve Helber, File

US: Circuit City Names Vice-Chairman To Help With Recovery

Circuit City Stores has promoted company director James Marcum to the role of Vice Chairman, as part of its plans to accelerate the revival of its business. Circuit City Chairman Philip Schoonover called Marcum, 49, a "highly experienced retail turnaround executive" who would help management focus on ways to improve business.

Circuit City Offers Tips for Last-Minute Back-to-School Shoppers

RICHMOND, Va., Aug. 15 /PRNewswire-FirstCall/ -- Circuit City is offering last-minute shopping tips to help American families who are scrambling to prepare their students for college. The U.S. Department of Education predicts almost 18.4 million students will be enrolled in the nation's colleges and universities this fall. A national survey commissioned by Circuit City shows most families with college-bound students have been engaged in back-to-school shopping for two months or more. But for families who are still working to prepare their students, there are strategies that can help get the job done. College bound students are all about electronics ... they depend on their tech gear for work and for play. -- Hands-down, students say the computer is the device they find most useful at college .

Circuit City to Offer Shoppers Four Days of Extra Storewide Savings During Virginia Sales Tax Holiday October 10-13, 2008

The tax holiday was enacted by lawmakers to promote the adoption of products and appliances that use energy and water efficiently. But Circuit City is pleased to announce that, in addition to those products, it will absorb state and local sales taxes on ALL PRODUCTS sold in its 26 Virginia stores, meaning consumers can shop TAX-FREE on everything at Circuit City during the four-day holiday period.

The Source By Circuit City Honours 'Best in Class' Vendors

BARRIE, ON, Aug. 20 /CNW/ - The Source By Circuit City today announced that it is introducing a Merchandising Excellence Award, an annual recognition program to honour vendors that have shown an outstanding commitment to the company and its customers by focusing on product profitability, business relationship growth and a year-over-year positive impact on The Source By Circuit City's overall revenue.

Three Cheers for Consumerist and Circuit City's Jim Babb

One of the great things about blogs is their power to embarrass companies. The other great thing about blogs is that sometimes they not only embarrass companies, but they provide useful lessons for all involved. Such is a recent case when Consumerist.com roundly mocked Circuit City's corporate management for being a bunch of humorless, overly sensitive fools. Apparently some Circuit City stores carry Mad magazine. When Mad magazine ran a parody ad for a store called Sucker City, someone in corporate operations reacted quickly to order all the magazines removed and destroyed. But!

Verizon Opens Store Within a Store in Brooklyn Circuit City

It’s not exactly Best Buy’s national “Best Buy Mobile� rollout, but a new Circuit City in New York will carry a Verizon Wireless Store within its walls. According to Verizon, the carrier will operate a “store-within-a-store� at the new Circuit City on Flatbush Ave. in Brooklyn.

Verizon Wireless Opens 'Store-Within-A-Store' At Circuit City's Newest Location in Brooklyn

BROOKLYN, N.Y., Sept. 19 /PRNewswire/ -- Verizon Wireless has expanded its retail presence with the addition of a new store at Circuit City's newest location at 1610 Flatbush Avenue, Brooklyn. The "store-within-a-store" concept provides Circuit City customers easy access to the latest wireless phones and accessories, plus a variety of service plans on the nation's most reliable wireless network.

Circuit City to Offer Shoppers Four Days of Extra Storewide

Circuit City to Offer Shoppers Four Days of Extra Storewide Savings During Virginia Sales Tax Holiday October 10-13, 2008

Circuit City to Offer Shoppers Four Days of Extra Storewide Savings During Virginia Sales Tax Holiday October 10-13, 2008

Circuit City to Offer Shoppers Four Days of Extra Storewide Savings During Virginia Sales Tax Holiday October 10-13, 2008

Circuit City to Offer Shoppers Four Days of Extra Storewide Savings During Virginia Sales Tax Holiday October 10-13, 2008

Circuit City to Offer Shoppers Four Days of Extra Storewide Savings During Virginia Sales Tax Holiday October 10-13, 2008

Circuit City feels yet more pain in Q2

Circuit City yesterday admitted that its second quarter performance simply wasn’t good enough as it clocked up another quarterly loss.

Circuit City Loss Widens; Walgreen Net Up

Circuit City Stores, Inc a consumer electronics retailer second quarter sales dropped 9.6% to $2.4 billion and net loss widened to $239.2 million or $1.45 a share. Steelcase Inc a manufacturer of office furniture second quarter revenues rose 9.3% to $902 million and net income fell 17%.

Circuit City has bigger 2Q loss, withdraws outlook

Circuit City Stores Inc. withdrew its outlook for the full year and posted a wider second-quarter loss Monday as it looks toward a holiday shopping season which has even the least vulnerable retailers worried.

Circuit City Posts Loss As Sales Woes Continue

Circuit City says it will initiate a comprehensive review of its business after posting a hefty 2Q loss. Part of the company’s plan to turn things around is improving the “customer experience” in their stores. I don’t have a CC in my area so I cannot comment on the customer service but I am interested to hear about your experiences.

Circuit City (CC) Reports Mixed Q2 Earnings; Withdraws FY09 Guidance

Circuit City Stores, Inc. (NYSE: CC) reports a Q2 non-GAAP loss of $1.00, 4c better than the analyst estimate of ($1.04). Revenues for the quarter were $2.39 billion, versus the consensus of $2.53 billion.

CIRCUIT CITY STORES INTEGRATING THE CITY LEADERSHIP INTO CORE RETAIL OPERATION

CIRCUIT CITY STORES INC SAYS INTEGRATING THE CITY(TM) LEADERSHIP INTO THE CORE RETAIL OPERATION Ryan Vlastelica rv

Circuit City departing CEO gets $1.8M in severance

Circuit City Stores Inc.'s departing chief executive is receiving at least $1.8 million in a severance deal after resigning from his post at the consumer electronics retailer earlier this week, according to a regulatory filing on Thursday.

Circuit City's CEO gets $1.8M severance

Circuit City Stores Inc.'s departing chief executive is receiving at least $1.8 million in a severance deal after resigning from his post at the consumer electronics retailer earlier this week, according to a regulatory filing on Thursday.

Circuit City departing CEO gets $1.8M in severance

Circuit City Stores Inc.'s departing chief executive is receiving at least $1.8 million in a severance deal after resigning from his post at the consumer electronics retailer earlier this week, according to a regulatory filing on Thursday.

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