Wednesday, April 7, 2010 as of 11:14 AM ET
Circuit City Stores, Inc. (former NYSE ticker symbol CC) was an American retailer in brand-name consumer electronics, personal computers, entertainment software, and (until 2000) large appliances.
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Following Best Buy's announcement that it would shutter 50 retail locations as part of an effort to cut costs, one market research firm said it believes the decline of big-box consumer electronics retailers in the United States and Europe will continue.
Canalys said in a report on Tuesday that it expects more big-name retailers to follow in the footsteps of companies like Best Buy Europe, CompUSA and Circuit City, which filed for bankruptcy in 2008 before closing all of its retail stores and selling its online brand.See more tech stories on the FOX Business Technology homepage.Big-box retailers' failure to adapt as aggressive online companies such as Amazon grew rapidly is seen as the root cause of their woes. "They were hit by a perfect storm of competition from the Internet and supermarkets," Canalys CEO Steve Brazier said in a statement. "They lost too much business to competitors undercutting them on price and failed to respond to the many attractions of Amazon's online approach, s...
1SaleADay.com Founder Ben Federman discusses how he is revolutionizing flash retail.
Investorplace.com Editor Jeff Reeves breaks down which companies may be on the brink of bankruptcy.
I went to RadioShack (NYSE:RSH) on Monday for help fixing my radio.I'd ripped its AM antenna. A RadioShack guy took one look at the tiny plug receptacle where the an...
Rick Newman of U.S. News and World Report offers a look at some of the companies that have restructured this year.
Best Buy Americas President Mike Vitelli weighs in on growth and popular products during the holiday season.
NEW ORLEANS (Reuters) - The number of bankruptcyclaims that traded sank to a year low in August as more bigcompanies emerged from Chapter 11 and transfers of claimsa...
The job crisis is not a new phenomenon: especially with the bad jobless claims numbers out this morning.More than eight million Americans have lost their jobs since ...
By Jonathan StempelNEW YORK (Reuters) - Gracious Home, the retailer of bed, bath, kitchen and other home furnishings, filed for bankruptcy protection Friday, after s...
By Jonathan StempelNEW YORK (Reuters) - Gracious Home, the retailer of bed, bath, kitchen and other home furnishings, filed for bankruptcy protection Friday after sa...
By Dhanya SkariachanNEW YORK (Reuters) - U.S. appliance and electronics chain hhgregg Inc blew past quarterly profit and sales expectations, helped by strength in ap...
By Dhanya SkariachanNEW YORK (Reuters) - U.S. appliance and electronics chain hhgregg Inc posted stronger-than-expected quarterly results as it won more shoppers in ...
Alabama Attorney General Troy King argues the Arizona immigration problem is a heartland issue.
The bulls will face resistance today from across the Atlantic. Spanish bond yields pushed past the psychologically key 6% level this morning, sparking fears that one...
Element Electronics President Michael O'Shaugnessy on building flat screen TVs in the U.S.
The Talented Blonde’s Kristin Bentz breaks down why the electronics retailer is struggling to fill orders.
Best Buy Americas President Mike Vitelli gives his outlook on holiday sales and the seasonal hiring.
It is not unusual for brands to disappear. It is unusual to see major brands resurrected. Scores of brands like New Coke, Circuit City , and Borders are likely to be...
World’s Fastest Speed Reader Howard Berg on the overwhelming amount of government regulations.
FBN's Jeff Flock at H.H. Gregg, which plans to open 14 new stores in one day despite the company's first quarterly loss.
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