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Circuit City to Close 155 U.S. Stores

Nov 3, 2008  •  Post A Comment

Circuit City will close 155 U.S. stores, which employ about 17% of the company’s domestic workforce, as part of an effort to free up cash, the Associated Press reports. The No. 2 U.S. electronics retailer after Best Buy also will cut back on store openings and will try to renegotiate existing leases with landlords, the wire service says.
—Danny King

2 Comments

  1. Does anyone remember that Circuit City, just a few years ago, was the best performing company in Jim Collins’ book “Good to Great”? Obviously, Mr. Collins’ approach to management is worth some reconsideration given the fall of Circuit City. It would seem a new approach to management would be worth considering. Read more at http://www.ThePhoenixPrinciple.com

  2. I hate Best Buy.

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