Best Buy Co. Inc. reported Tuesday that its first-quarter profit fell 15 percent - even as Circuit City, a key competitor, closed the last of its stores - because recession-weary shoppers were still limiting big-ticket purchases. ...more

June 17, 2009

Circuit City Stores Inc. has received court approval to sell off its Canadian operations as word came that the company faces a class-action lawsuit by lawyers claiming some laid-off employees were not paid federally mandated WARN Act payments. ...more

March 27, 2009

Circuit City Stores Inc. is asking a U.S. Bankruptcy Court judge for permission to pay up to $4.65 million in retention bonuses to some of its employees to keep them as the chain winds down its business affairs. ...more

February 13, 2009

Circuit City Stores Inc. has started the arduous process of dismantling its massive retail business, but it could take two years before the entire company completely disappears. ...more

January 30, 2009

Circuit City Stores Inc., the nation's second-biggest consumer electronics retailer, reached an agreement with liquidators on Friday to sell the merchandise in its 567 U.S. stores after failing to find a buyer or a refinancing deal. ...more

January 18, 2009

Red yard signs in front of the Circuit City store at Shelby Crossing say, "Ask Me About 36 Month Financing." ...more

January 17, 2009

BANKRUPT RETAILERS Experts expect even more retailers to file for bankruptcy or just liquidate in coming months as consumers keep tight control of their spending because of job worries and dwindling retirement accounts. ...more

January 17, 2009

Red yard signs in front of the Circuit City store at Shelby Crossing say, "Ask Me About 36 Month Financing." No one is sure how long that offer will stand. Circuit City Stores Inc., the nation's second-biggest consumer electronics retailer, said Friday it failed to find a buyer and will liquidate its 567 U.S. stores. ...more

January 16, 2009

Circuit City Stores Inc. said Friday it is in talks with two parties that could buy the company or provide additional financing for it to stay in business. ...more

January 10, 2009

Best Buy Co., the nation's largest consumer electronics chain, narrowed its fiscal 2009 adjusted earnings forecast Friday and said it will take an approximately $60 million fourth-quarter charge related to some employee buyouts. ...more

January 10, 2009