November 3rd, 2008 Circuit City Closings
RICHMOND, Va., Nov 03, 2008 /PRNewswire-FirstCall via COMTEX News Network/ — Circuit City Stores, Inc. (NYSE: CC) today provided an update on its liquidity position and its previously announced ongoing comprehensive business review. Due in part to its deteriorating liquidity position and the continued weak macroeconomic environment, the company has decided to take certain restructuring actions immediately, including closing 155 domestic segment stores, reducing future store openings and aggressively renegotiating certain leases. The company also is considering all available options and alternatives to restructure its business. 





