BNET Industries
Circuit City Stores Inc. (CC) is in the Retail Industry
- Revenue
- Feb 29 2008
- $11.7B
- Profit
- Feb 29 2008
- ($319.9M)
- Market Cap
- Jul 02 2008
- $390.9M
Latest News and Analysis
Blockbuster Drops Circuit City Bid: So Toxic that Nobody Wants It?
Greg Boop submits: Is there such a thing as a bride so ugly that no one will marry her? Apparently there is such a thing as a business so toxic that everyone steps away from buying it. One of the great fears of any party seeking to close a...
Blockbuster Drops Circuit City, Retains Hybrid Stores Strategy
Seth Gilbert submits: The proposed marriage of Blockbuster BBI and Circuit City CC always seemed wrong; like two actors that peaked early, fell from favor and were looking for mutual salvation in a questionable, improbable union. It didn’t make sense. It didn’t feel right. The common ground seemed to be...
Blockbuster May Do Circuit Deal Later: Report
(Reuters) - Blockbuster Inc BBI, which abandoned its offer to buy Circuit City Stores Inc CC this week, may try to acquire the electronics retailer later, the New York Post said Thursday citing insiders. One source told the paper that Blockbuster "verified the...
Who Can Buy Circuit City AND Successfully Turn It Around?
Markham Lee submits: Now that Blockbuster BBI has walked away from Circuit City CC, it's time for the speculation to begin over who is should/can buy the company. The problem is that these discussions will probably revolve around who has the ability to buy CC, and then...
The Circuit City Train Wreck: Kudos to Blockbuster for Walking Away
Markham Lee submits: Yesterday Blockbuster BBI did the right thing by walking away from the train wreck that is Circuit City CC; after all what does sense does it make sense to invest in a failing business when your own company is struggling to make money. ...
Blockbuster to Circuit City: Drop Dead
To no one's surprise, really, Blockbuster Inc. called off its proposed merger with Circuit City, but Blockbuster CEO Jim Keyes says he still likes the idea of combining media with electronics and will pursue it in other ways. And I still like the notion that electronics turnaround specialist Mark Wattles...
Circuit City Shares Fall After Blockbuster Pulls Bid
ATLANTA (Reuters) - Circuit City Stores Inc CC shares sank as much as 16 percent on Wednesday after Blockbuster Inc BBI abandoned its bid for the electronics retailer, saying a deal was not in the movie rental company's best interest amid ...
How Mark Wattles Fixes Broken Retailers
If Mark Wattles pulls off a deal to acquire Circuit City, by looking at his last two companies -- Hollywood Entertainment and Ultimate Electronics -- we can garner some strong clues how the company might right itself. by Lisa Everitt
Will Ultimate Electronics' Wattles Get Circuit City?
Part 1 of a series. (See Part 2, "How Mark Wattles Fixes Broken Retailers.") Mark Wattles, the dissident Circuit City shareholder, has gotten almost everything he wanted from management to date. With a $200 million "blank check" stock offering in registration, a track record turning around Hollywood...
Raw Data Report: Consumer Electronics
TickerMine submits: Each day, Wall Street is flooded with stock research offering a multitude of conflicting investment opinions. As such, TickerMine is not in the business of providing more opinions. We believe that accurate raw data points can be used to gain insight in to the stock...
Circuit City May Have Several Bidders: Investor
ATLANTA (Reuters) - Retailer Circuit City Stores Inc CC has received buyout interest from several strategic and financial bidders, including movie-rental company Blockbuster Inc BBI, and a sales agreement could be announced over the next month, an institutional investor said on...
Blockbuster Shares Rise on Talk of Deal Bust
LOS ANGELES (Reuters) - Shares of Blockbuster Inc BBI rose nearly 13 percent on what one analyst said was investor speculation that the movie rental company's deal to buy Circuit City Stores Inc CC is falling apart. "People thought it was a bad...
Circuit City Deal May Be Announced in Weeks
ATLANTA (Reuters) - Retailer Circuit City Stores CC has received buyout interest from several potential strategic and financial bidders, including movie-rental company Blockbuster Inc BBI, and a sale agreement could be announced over the next month, an investor said on Tuesday....
Profits Seen Off More Than 10 Percent
NEW YORK (Reuters) - The U.S. corporate profit outlook is deteriorating rapidly, with S&P 500 earnings for the second quarter now seen falling at a double-digit pace from a year earlier, according to Thomson Reuters Proprietary Research released on Tuesday. Second...
Circuit City Heads Towards Zero
Steve Patterson submits: No Lows Circuit City CC tumbled to all new lows yesterday, down 21.26%, as the market got scared about an upcoming meeting coupled with Street views that their earnings will be terrible. Goldman Sachs sent shivers through the spines of investors on Monday when...
Circuit City Needs a Management Overhaul
Markham Lee submits: For some reason I found myself struggling to find a way to discuss Circuit City’s CC recent quarter results (Qtr ending 5/31/08 – Q1 FY 09), probably because the situation is just more of the same and the company’s situation just continues to get worse. So I’ve...
Hey Blockbuster, Still Want To Buy Circuit City?
Eric Savitz (Barron's) submits: There haven’t been a lot of developments in the last few weeks on Blockbuster’s BBI $6-a-share bid for Circuit City CC. The stock certainly isn’t trading like a company in play; the Street doesn’t seem to think anything is going to happen. Arvind Bhatia,...
Circuit City F1Q09 (Qtr End 5/31/08) Earnings Call Transcript
Circuit City Stores, Inc. CC F1Q09 Earnings Call
Circuit City Posts Wider Loss, Suspends Dividend
NEW YORK (Reuters) - Circuit City Stores CC reported a bigger quarterly loss on Thursday as sales fell, and the consumer electronics chain said it had suspended its dividend to save cash, sending its shares down about 3 percent. The company, which has...
Best Buy Profit Tops Views But Shares Off
By Karen Jacobs NEW YORK (Reuters) - Consumer electronics retailer Best Buy Co BBY posted a 7 percent drop in first-quarter profit on Tuesday, but results were better than expected as the company gained market share in televisions, computers and video gaming. The...
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- Incorporated: 1949
- CEO: Mr. Philip J. Schoonover
Circuit City Stores is a retailer of consumer electronics, home office products, entertainment software, and related services. Co.'s domestic segment is engaged in the business of selling brand-name and private-label consumer electronics, personal computers, entertainment software, and related services in its stores in the United States and its website. At Feb 29 2008, Co.'s domestic segment operated 682 Superstores and 11 other stores in 158 U.S. media markets. Co.'s international segment is engaged in the business of selling private-label and brand-name consumer electronics in Canada. As of Feb 29 2008, Co.'s international segment operated 779 retail stores and dealer outlets.
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Circuit City Stores Inc. Company Info
Board of Directors
Mr. Philip J. Schoonover
Chairman
Mr. Mikael Salovaara
Dr. Carolyn Y. Woo Ph.D.
Ms. Ursula O. Fairbairn
Ms. Carolyn H. Byrd
Mr. Alan T. Kane
Mr. J. Patrick Spainhour
Mr. Ronald L. Turner
Mr. Ronald M. Brill
Mrs. Barbara S. Feigin
Mr. James F. Hardymon
Mr. Allen B. King
Contact Information
9950 Mayland Drive
Richmond, VA
804 486-4000
NAICS Code
Radio, Television, and Other Electronics Stores: 443112Brought to you by IBMSponsored Resources
