Vinyl, Cassettes & Retail

155 Less Record Stores As Circuit City Downsizes

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As part of a fight for survival, Circuit City is closing 155 underperforming stores located in 55 U.S. media markets. The closures means Circuit City will exit 12  media markets completely.
A pdf of locations that are closing can downloaded found here.

The effect on the record industry, already hurt by dozens of store closings ranging from mom and pops to Touwer superstores, will be immediate. The company expects that impacted stores will not open on Tuesday, November 4th, and the store closing sales will begin on Wednesday and completed no later than calendar year end.

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3 Comments

  1. Does anyone remember that Circuit City, just a few years ago, was the best performing company in Jim Collins’ book “Good to Great”? Obviously, Mr. Collins’ approach to management is worth some reconsideration given the fall of Circuit City. It would seem a new approach to management would be worth considering. Read more at http://www.ThePhoenixPrinciple.com

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