BNET Industries

Circuit City Stores Inc.

(CC) is in the Retail Industry

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. Marcum

Number of Employees 42,974

Contact Information

9950 Mayland Dr

Richmond, Virginia 23233-1463

www.circuitcity...

(804) 527-4000

Peer Companies

NAICS Code Radio, Television, and Other Electronics Stores: 443112

Recent Events

Best Buy Gaining Market-Share Following Circuit City Demise

9/15/09 - Merger / Acquisition - View Story
Traffic fails to make the grade at computer and electronics e-retailers

9/12/09 - Merger / Acquisition - View Story
Bell completes acquisition of The Source and its 750 retail locations across Canada

7/02/09 - Merger / Acquisition - View Story
Brick and Click Stores: How Circuit City Could Re-Open Its Doors

6/11/09 - Merger / Acquisition - View Story

News & Analysis

circuit city stores inc. and retail - All News and Analysis

Circuit City's Demise Not Lifting Best Buy Yet

BNET - 2009-09-17

Many industry watchers expected Best Buy stores to get a major sales boost after the demise of competitor Circuit City early this year. That's not the case so far, though. Best Buy's second-quarter results were far from stellar. Same-store sales fell 3.9 percent during the period, while...

Tags: Circuit City Stores Inc., Best Buy Co. Inc., Retail, Sales Strategy, Financial Accounting, Sales, Finance, Ian Ritter
Retail Roundup: Future of Circuit City's Web Site Unclear, J.C. Penney Comments on Its Health, More

BNET - 2009-01-21

CircuitCity.com to remain shuttered? -- Although the brick-and-mortar locations operated by Circuit City Stores Inc. are papered with signs advertising the chain's liquidation sales, the same can't be said for the company's Web site. After announcing that Circuit City is going out of business, operators took down CircuitCity.com, the Web's...

Tags: Circuit City Stores Inc., Web, Retail Company, Health Care, Web Site, Debt Maturity, Retail, Danielle Novy
A Bullet in the Temple for Circuit City

BNET - 2009-01-16

The nation's No. 2 electronics retailer got the coup de grace today. Bankrupt Circuit City announced it was liquidating, eliminating 567 stores and about 30,000 jobs. Circuit City was done in by weak holiday sales which also forced retailers such as KB Toys, Goody's Family Clothing and...

Tags: Circuit City Stores Inc., Sales Strategy, Sales Force Management, Retail, Litigation, Investment, Financial Services, Sales, Business Operations, Finance, Peter Galuszka
Retail Roundup: Circuit City Talks with Investors, Bebe CEO Resigns, More

BNET - 2009-01-12

Circuit City in talks with two investors despite crumbling market for electronics -- Mystery clouds the news that two unnamed parties are interested in either buying Circuit City Stores or giving the electronics retailer the funds to stay in business. The chain filed for Chapter 11 bankruptcy protection in November,...

Tags: Circuit City Stores Inc., Retail Company, Investor, Retail, Danielle Novy
Retail Roundup: Bankrupt Circuit City to Break 154 More Leases, Proposed Luxury Tax Could Pain NY Retailers, More

BNET - 2008-12-18

Bankrupt Circuit City to break 154 more leases -- Electronics retailer Circuit City Stores Inc. announced Dec. 17 that it plans to break the leases for 154 of the 155 stores it's closing this month. The company was scheduled to auction the leases on Dec. 18 as part of its...

Tags: Circuit City Stores Inc., Lease, Retail Company, Retail, Sales Strategy, Taxes, Sales, Financial Planning, Finance, Danielle Novy

Retail Roundup: Billionaire Snaps Up Circuit City Shares, Retailers' New Widgets, More

BNET - 2008-11-19

Mexican billionaire sees 'great value' in Circuit City -- Although Circuit City Stores Inc. recently filed for bankruptcy protection, one of the world's richest men believes the company may still have a future. Ricardo Salinas Pliego, who owns a 28 percent stake in the company, is "banking on a great...

Tags: Circuit City Stores Inc., Retail Company, AG, Retail, Danielle Novy
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...

Tags: Circuit City Stores Inc., Bankruptcy Protection, Card, Gift Card, Women, Retail Company, Bankruptcy, Lipstick, First Lady, Sales Strategy, Gender And Diversity, Litigation, Retail, Sales Force Management, Sales, Human Resources, Business Operations, Danielle Novy
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...

Tags: Circuit City Stores Inc., Best Buy Co. Inc., Retail Company, Bankruptcy, Seeking Alpha, Chad Brand, Retail
Circuit City: Turn Out the Lights, the Party's Over

Seeking Alpha - 2008-11-10

Kirk Shinkle submits: Today's bankruptcy filing at Circuit City CC comes as no real shock. The ailing consumer electronics giant already announced it was closing 155 stores (or about 20 percent of its total) in a last-ditch effort to stay solvent. Creditors agreed to float the chain a $1.1 billion...

Tags: Circuit City Stores Inc., Best Buy Co. Inc., Seeking Alpha, Kirk Shinkle, RBC Capital, Retail, Litigation, Engineering, Leadership, Consumer Electronics, Business Operations, Management, Personal Technology
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...

Tags: Circuit City Stores Inc., Radio, Electronics, Satellite, Bankruptcy, Satellite Radio, Seeking Alpha, Tyler Savery, Litigation, Retail, Business Operations, Sirius Satellite Radio Inc.

page 1 of 4

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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Glass Door

Circuit City

CEO Rating

Phil Schoonover

CEO

5% Approve

Employer Rating

“Neutral” 2.8

Employee Reviews

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