Tech Trader Daily - Barron’s Online : Circuit City Shutting 155 Stores; Cutting Staff By 17%; "Considering All Available Optio
The struggling electronics retailer seems to be pushing hard to stay out of bankruptcy, but it is clearly going to be a difficult road. The company this morning announced that it will close 155 U.S. stores, all of which will close tomorrow and then re-open on Wednesday to start store-closing sales.Circuit City said that consumer confidence and the overall retail environment have impacted the company’s sales and gross profit margin to a greater degree than previously expected.
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