BNET Industries
Last Fiscal Year Sales:$11.7B
- Public
- US
Dow Jones Description
Circuit City Stores, Inc. (NYSE: CC) is a leading specialty retailer of consumer electronics and related services.
Interim President & Chief Executive Officer
James A. MarcumNumber of Employees 42,974
Peer Companies
NAICS Code Radio, Television, and Other Electronics Stores: 443112
Recent Events
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Computers / Electronics
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Best Buy Gaining Market-Share Following Circuit City Demise
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Bell completes acquisition of The Source and its 750 retail locations across Canada
News & Analysis
Filter by
bankruptcy and circuit city stores inc. - All News and Analysis
Audiovox Corporation F2Q10 (Qtr End 8/31/09) Earnings Call Transcript
Seeking Alpha
- 2009-10-14
Question-and-Answer Session Operator Operator Instructions Your first question comes from Thomas Khan - Khan Brothers. Thomas Khan - Khan Brothers [Break in audio] on the Circuit City receivable. Patrick M. Lavelle Tom, could you repeat that? Thomas Khan - Khan Brothers Did you collect your insurance money on...
Did Bad Bankruptcy Laws Doom Circuit City?
BNET
- 2009-02-26
Did flawed changes to Chapter 11 bankruptcy laws make it harder to companies to reorganize and survive? That will be the topic of a hearing next week by the House Subcommittee on Commercial and Administrative Law titled "Circuit City unplugged: Why did Chapter 11 fail to save...
Bankruptcies Can Scotch Exec Pay Deals
BNET
- 2008-12-20
With bankruptcies on the rise, executives need to be aware that their promised payouts, golden parachutes or severance packages could be at risk. Consider the plight of former executives at bankrupt Circuit City, a mass electronics retailer. The firm filed for protection in Nov. 10 and its...
Corporate Bankruptcies: More Bad News Around the Corner?
Seeking Alpha
- 2008-11-11
Rick Newman submits: If you've been saving your cash for fire sales at bankrupt retailers, don't blow it all at Circuit City CC. Many other companies are likely to end up in even worse shape over the next year. So far in 2008, there have been a few name-brand...
Retail Roundup: Circuit City Files for Bankruptcy Protection, Gifts Cards Fly Off Shelves, and More
BNET
- 2008-11-10
Circuit City files for bankruptcy protection -- After 59 years in business, retail giant Circuit City filed for Chapter 11 bankruptcy protection when the chain's suppliers cut off credit and demanded up-front cash for shipments. Sales at the chain's 1,500 locations have been declining for months, and the company owes...
Circuit City's Bankruptcy Is Great News for Best Buy
Seeking Alpha
- 2008-11-10
Chad Brand submits: A week after announcing it would close 20% of its stores, electronics retailer Circuit City CC has announced it will file for Chapter 11 bankruptcy protection. While that really is no surprise (retailers can't operate in the red forever), investors should consider who wins from this...
Circuit City Bankruptcy May Help Satellite Radio Inventory Levels
Seeking Alpha
- 2008-11-10
Tyler Savery submits: In news that for some is no surprise, Circuit City CC, the second largest electronics retailer in the U.S., has filed for bankruptcy. The company plans to stay open for business through the holiday season, and in what seems an odd statement, it may actually help...
Circuit City Unlikely To Successfully Emerge from Bankruptcy
Seeking Alpha
- 2008-11-10
Markham Lee submits: Several months ahead of my earlier prediction of the company falling sometime after the holiday shopping season, Circuit City CC filed for bankruptcy this morning: From the WSJ: "Troubled electronics retailer Circuit City Stores Inc. filed for Chapter 11 bankruptcy Monday in an...
Circuit City Doesn't Have Enough Cash to Declare Bankruptcy
Seeking Alpha
- 2008-10-22
Who's Next was the title of a classic rock album from The Who, of course, back in the days of vinyl records, but today when that phrase is mentioned, it's more likely to be referring to the list of troubled companies on the verge of bankruptcy. Big box retailer...
Can Circuit City Avoid Bankruptcy?
Seeking Alpha
- 2008-10-21
Ron Haruni submits: Circuit City CC has undeniably a long history of nearly 60 years as a leader in the consumer electronics industry. However, the foundations of that status may not be enough for the electronics retailer to help it navigate from its current financial troubles. According to Wall Street...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| James A. Marcum | Interim President & Chief Executive Officer |
| Steven P. Pappas | President, Small Stores |
| Bruce H. Besanko | Executive Vice President and Chief Financial Officer |
| John T. Harlow | Executive Vice President & Chief Operating Officer |
| Peter C. Weedfald | Senior Vice President & Chief Marketing Officer |
| Philip J. Dunn | Senior Vice President, Treasurer & Chief Accounting Officer |
| William E. McCorey JR. | Senior Vice President & Chief Information Officer |
| George D. Clark, JR. | Executive Vice President, Multi-Channel Sales |
| Jeffrey S. Stone | Executive Vice President, New Business Development |
| Brian S. Bradley | Senior Vice President, Multi Channel |
| Eric A. Jonas, JR. | Senior Vice President, Human Resources |
| John J. Kelly | Senior Vice President, Merchandising |
| Kelly E. Breitenbecher | Senior Vice President, Supply Chain and Space Planning |
| Mark D. Overgard | Senior Vice President, Retail |
| Marshall J. Whaling | Senior Vice President, Retail Operations |
| Reginald D. Hedgebeth | Senior Vice President, General Counsel & Secretary |
| Ronald Baime | Senior Vice President |
| Ronald G. Cuthbertson | Senior Vice President, Supply Chain and Inventory Management |
| William C. Denney | Senior Vice President |
| Neal N. Lappe | Vice President, Prod Service |
| R. Bruce Lucas | Vice President, Construction |
| Ron Brunette | Vice President, Store Environ |
| Steve Duchelle | Assistant Vice President, Circuit City Direct |
| Marc J. Sieger | Senior Vice President & General Manager, Services |
| Bill Cimino | Director, Corp Communications |
| Tim Johnson | Director, Program Management |
| Virginia Watson | Director, Investor Relations |
| Angela Ross | Creative Manager |
| Irynne V. MacKay | Senior Vice President, General Merchandise Manager |
| John Rowe | Manager, Digital Services Mdse |
| Lloyd J. Vye | Manager |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Allen B. King | Chairman |
| Alan Kane | Board of Directors |
| Carolyn H. Byrd | Board of Directors |
| Carolyn Y. Woo | Board of Directors |
| Don R. Kornstein | Board of Directors |
| Elliott Wahle | Board of Directors |
| J. Patrick Spainhour | Board of Directors |
| James F. Hardymon | Board of Directors |
| Lyle G. Heidemann | Board of Directors |
| Ronald L. Turner | Board of Directors |
| Ronald M. Brill | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Interim President & Chief Executive Officer | Current |
| Circuit City Stores, Inc. | Vice Chairman | Current |
| Iconix Brand Group, Inc. | Board of Directors | Current |
| Ultimate Electronics, Inc. | CEO | Former |
| Marshalls, Inc. | Cfo | Former |
| Marshalls, Inc. | Senior Vice President | Former |
| Tri-Artisan Capital Partners, LLC | Operating Partner & Operating Executive | Former |
| Tri-Artisan Capital Partners, LLC | Operating Executive | Former |
| Ultimate Electronics, Inc. | Chairman | Former |
| Circuit City Stores, Inc. | Board of Directors | Former |
| Southern Connecticut State University | Bachelor's Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | President, Small Stores | Current |
| InterTAN Canada Ltd. | President & CEO | Former |
| Circuit City Stores, Inc. | Senior Vice President | Former |
| Kiosk Operations, Inc | Vice President | Former |
| Kiosk Operations, Inc | Gm | Former |
| Kiosk Operations, Inc | Regional Manager | Former |
| Organization | Position | Status |
|---|---|---|
| OfficeMax, Inc. | Executive Vice President and Chief Financial Officer | Current |
| Circuit City Stores, Inc. | Executive Vice President and Chief Financial Officer | Current |
| The Yankee Candle Company | Senior Vice President, Finance and Chief Financial Officer | Former |
| The Yankee Candle Company | Senior Vice President, Finance | Former |
| Best Buy Co., Inc. | Vice President, Finance | Former |
| Sears, Roebuck & Co. | Financial Leadership Positions | Former |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Executive Vice President & Chief Operating Officer | Current |
| The Great Atlantic & Pacific Tea Company, Inc. | Senior Vice President, Operations, US | Former |
| Toys "R" Us, Inc. | Corporate Vice President, Administration | Former |
| Deloitte Consulting Llp | Retail Director | Former |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Senior Vice President & Chief Marketing Officer | Current |
| Bigfoot Interactive, Inc. | Chief Operating Officer | Former |
| ViewSonic Corporation | Executive Vice President, Marketing & Strategic Business | Former |
| Samsung Group | Senior Vice President, Sales and Marketing Consumer Electronics | Former |
| Circuit City Stores, Inc. | General Merchandise Manager, Entertainment, Content | Former |
| Samsung Group | Sales & Marketing, U.S. Consumer Electronics & North American | Former |
| Samsung Electronics Co., Ltd. | Former | |
| Samsung Corporation | Former |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Senior Vice President, Treasurer & Chief Accounting Officer | Current |
| Circuit City Stores, Inc. | Controller | Former |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Senior Vice President & Chief Information Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Executive Vice President, Multi-Channel Sales | Current |
| Circuit City Stores, Inc. | President, Retail Stores | Former |
| Circuit City Stores, Inc. | Executive Vice President | Former |
| Circuit City Stores, Inc. | Store Manager | Former |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Executive Vice President, New Business Development | Current |
| Tweeter Home Entertainment Group, Inc. | Director of Tweeter | Current |
| Tweeter Home Entertainment Group, Inc. | Board of Directors | Current |
| HIFI Buys, Inc. | CEO | Former |
| Tivoli Audio, LLC | President | Former |
| Tivoli Audio, LLC | Chief Operating Officer | Former |
| Tweeter Home Entertainment Group, Inc. | Chief Operating Officer | Former |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Senior Vice President, Multi Channel | Current |
| Circuit City Stores, Inc. | Vice President, Strategy & Innovation | Former |
| Capital One Financial Corporation | Director, Strategy & Implementation | Former |
| Circuit City Stores, Inc. | Steward of Innovation | Former |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Senior Vice President, Human Resources | Current |
| Circuit City Stores, Inc. | Director, Associate Relations | Former |
| Toys "R" Us, Inc. | Director, Human Resources | Former |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Senior Vice President, Merchandising | Current |
| Sharp Electronics Corporation | Vice President, Appliances | Former |
| QVC, Inc. | Vice President, Qvc.Com | Former |
| Circuit City Stores, Inc. | General Merchandise Manager | Former |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Senior Vice President, Supply Chain and Space Planning | Current |
| Circuit City Stores, Inc. | vice president, Inventory, Floor and Space Planning, Inventory Operations | Former |
| Circuit City Stores, Inc. | Vice President, Supply Chain | Former |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Senior Vice President, Retail | Current |
| Best Buy Co., Inc. | Senior Vice President, Marketing, Home Essentials & Digital Subscriptions | Former |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Senior Vice President, Retail Operations | Current |
| Best Buy Co., Inc. | Senior Vice President, Sales & Operations | Former |
| Best Buy Co., Inc. | District Manager | Former |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Senior Vice President, General Counsel & Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Senior Vice President, Supply Chain and Inventory Management | Current |
| Best Buy Canada Ltd | Executive Vice President, Merchandising, Marketing and Supply Chain | Former |
| Best Buy Co., Inc. | Vice President Global Sourcing | Former |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Senior Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Vice President, Prod Service | Current |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Vice President, Construction | Current |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Vice President, Store Environ | Current |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Assistant Vice President, Circuit City Direct | Current |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Senior Vice President & General Manager, Services | Current |
| Plumchoice, Inc. | Current | |
| General Electric Capital Corporation | Former |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Director, Corp Communications | Current |
| Circuit City Stores, Inc. | Director, Corp Communications | Former |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Director, Program Management | Current |
| Circuit City Stores, Inc. | Director, Program Mngmet | Former |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Director, Investor Relations | Current |
| Circuit City Stores, Inc. | Director, Investor Relations | Former |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Creative Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Senior Vice President, General Merchandise Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Manager, Digital Services Mdse | Current |
Lloyd J. "Bud" Vye bdvye@comcast.net , VBF's Advocacy Chair and point person for bicycle issues when the Virginia General Assembly is in session, has been the Social Ride Captain for the Richmond Area Bicycling Assn. (RABA) for the past ten years. He also represents RABA on the Richmond Metropolitan Planning Organization's Citizen's Transportation Advisory Committee, the American Lung Assn. of Virginia's Transportation Initiatives for Greater Richmond (TIGR) Coalition, VDOT's Richmond Regional Pedestrian & Bicycling Study Advisory Committee, and at meetings involving the Capital to Capital Bikeway project. Bud is a retired manager for Circuit City Stores, Inc.
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Manager | Current |
| Raba | Current | |
| Virginia Bike | Vbf's Advocacy Chair | Current |
| Organization | Position | Status |
|---|---|---|
| Universal Leaf Tobacco Company, Inc. | Chairman & Chief Executive Officer | Current |
| Circuit City Stores, Inc. | Chairman | Current |
| Universal Corporation | Chairman Emeritus | Current |
| Management Roundtable, Inc. | Board of Directors | Current |
| The Business Council | Board of Directors | Current |
| Universal Corporation | President & CEO | Former |
| Universal Leaf Tobacco Company, Inc. | President and Chief Operating Officer | Former |
| Universal Corporation | Chairman | Former |
| Circuit City Stores, Inc. | Board of Directors | Former |
| Universal Corporation | Board of Directors | Former |
| Management Roundtable, Inc. | member | Former |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Board of Directors | Current |
Carolyn Hogan Byrd has served as a director since May 2001. Ms. Byrd founded GlobalTech Financial, LLC, a financial services and consulting company headquartered in Atlanta, Georgia, in May 2000 and currently serves as chairman and chief executive officer. From November 1997 to October 2000, Ms. Byrd served as president of The Coca-Cola Financial Corporation. From 1977 to 1997, Ms. Byrd served in a variety of domestic and international positions with The Coca-Cola Company. Ms. Byrd currently serves on the Board of Directors of Circuit City Stores, Inc.
| Organization | Position | Status |
|---|---|---|
| AFC Enterprises, Inc. | Chairperson | Current |
| Freddie Mac | Board of Directors | Current |
| AFC Enterprises, Inc. | Board of Directors | Current |
| Circuit City Stores, Inc. | Board of Directors | Current |
| Rare Hospitality International, Inc. | Board of Directors | Current |
| Coca-Cola Financial Corporation | President | Former |
| Organization | Position | Status |
|---|---|---|
| University of Notre Dame | Dean, Mendoza College of Business | Current |
| University of Notre Dame Mendoza College of Business | Dean | Current |
| NiSource Inc. | Board of Directors | Current |
| Circuit City Stores, Inc. | Board of Directors | Current |
| Aon Corporation | Board of Directors | Current |
| Purdue University | Associate Executive Vice President, Academic Affairs | Former |
| Purdue University | Professor | Former |
| Organization | Position | Status |
|---|---|---|
| Bally Total Fitness Holdings Corporation | Chairman & Chief Restructuring Officer | Current |
| Circuit City Stores, Inc. | Board of Directors | Current |
| Bear, Inc. | Investment Banker | Former |
| Stearns Inc. | Investment Banker | Former |
| Bally Total Fitness Holdings Corporation | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Board of Directors | Current |
| Babies "R" Us, LLC | President | Former |
| Generation Capital Inc. | Chairman & Co-Founder | Former |
| Organization | Position | Status |
|---|---|---|
| Amerispec Franchise Opportunities | Chairman and Chief Executive Officer, The Servicemaster Company | Current |
| The ServiceMaster Company | Chief Executive Officer | Current |
| The ServiceMaster Company | Chairman | Current |
| Circuit City Stores, Inc. | Board of Directors | Current |
| Tupperware Corporation | Board of Directors | Current |
| Ann Taylor Stores Corporation | CEO | Former |
| Ann Taylor Stores Corporation | President | Former |
| Ann Taylor Stores Corporation | Chief Operating Officer | Former |
| The Donna Karan Company LLC | Chief Financial Officer | Former |
| Co-Operations Inc | Executive Vice President | Former |
| The Stride Rite Corporation | Executive Vice President, Finance and Operations | Former |
| The Donna Karan Company LLC | Executive Vice President | Former |
| Co-Operations Inc | Senior Vice President of Sourcing | Former |
| Kellwood Company | Vice President, Finance and Administration | Former |
| Mississippi State University | Graduate | Former |
| Ann Taylor Stores Corporation | Chairman | Former |
| The ServiceMaster Company | Board of Directors | Former |
| The ServiceMaster Company | Member | Former |
James Hardymon joined Investcorp as an Advisory Director to the private equity team in 2002. James is the former CEO of Textron, Inc. Previously, he was the President and CEO of Emerson Electric. James is a seasoned manufacturing executive with over 40 years of experience across a variety of industries including aircraft, automotive and industrial. The companies led by James are legends for execution, operating performance, profitability and shareholder growth. During his tenure Emerson and Textron were very acquisitive, performing more than 50 acquisitions. James is a member of the Board of Directors of Air Products and Chemicals, Lexmark International, Circuit City Stores, American Standard and Schneider Electrics.
| Organization | Position | Status |
|---|---|---|
| Investcorp, Inc. | Advisory Director | Current |
| Investcorp | Advisory Director, New York | Current |
| Wabco Holdings Inc. | Chairman | Current |
| Ivtm | Director | Current |
| Circuit City Stores, Inc. | Board of Directors | Current |
| Investcorp, Inc. | Board of Directors | Current |
| Air Products Company | Board of Directors | Current |
| American Standard Inc. | Board of Directors | Current |
| Lexmark International, Inc. | Director | Current |
| Lexmark International Middle East Fz LLC | Committee Member | Current |
| Emerson Electric Co. | CEO | Former |
| Textron Inc. | Chief Executive Officer | Former |
| Emerson Electric Co. | President | Former |
| Textron Inc. | President | Former |
| Textron Inc. | Chief Operating Officer | Former |
| Emerson Electric Co. | Coo | Former |
| Textron Inc. | Chairman | Former |
| NYSE Group, Inc. | Chairman | Former |
| University of Kentucky | Chairman of Board | Former |
| American Standard Companies, Inc. | Director | Former |
| Emerson Electric Co. | Vice Chairman | Former |
| Textron Inc. | Director | Former |
| Air Products & Chemicals, Inc. | Board of Directors | Former |
| Emerson Electric Co. | Director | Former |
| University of Kentucky | B.A. and M.S. Degrees In Civil Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Board of Directors | Current |
| True Value Company | Board of Directors | Current |
| True Value Company | President & CEO | Current |
| Northern Illinois University | Bachelor of Science in Marketing | Former |
| Northern Illinois University | Bachelor of Science in Marketing | Former |
| Organization | Position | Status |
|---|---|---|
| The Brink's Company | Board of Directors | Current |
| Circuit City Stores, Inc. | Board of Directors | Current |
| Ceridian Performance Partners | CEO | Former |
| Ceridian Corporation | Chairman, President & CEO | Former |
| Organization | Position | Status |
|---|---|---|
| Circuit City Stores, Inc. | Board of Directors | Current |
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