Circuit City Announces Short-Circuiting in Operations

Company to close 20% of stores nationwide

Monday, Jun 22, 2009  |  Updated 1:37 PM CDT
View Comments (
)
|
Email
|
Print
Circuit City Announces Short-Circuiting in Operations

Getty Images

Circuit City, the country's second-largest electronics retailer, could be headed for bankruptcy.

A year of losses is forcing Circuit City to shutter about 20 percent of its stores, including 14 in the Chicago area.

The Chicago Tribune reported Monday that the Richmond, Va.-based company will layoff thousands of employees when it closes 155 of its more than 700 stores in 12 markets by Dec. 31.

The paper reported that the company is exploring strategic alternatives in a challenging economy. 

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
Get Our Weather App
Stay ahead of the storm with the NBC... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out