Featured Articles

HP Stream is a Chromebook killer priced at $200

HP Stream is a Chromebook killer priced at $200

We have been hearing reports of a new breed of affordable Windows notebooks for months. It is alleged that a number…

More...
AMD Radeon R7 SSD line-up goes official

AMD Radeon R7 SSD line-up goes official

AMD has officially launched its first ever SSDs and all three are part of AMD’s AMD Radeon R7 SSD series.

More...
KitKat has more than a fifth of Android users

KitKat has more than a fifth of Android users

Android 4.4 is now running on more than a fifth of Android devices, according to Google’s latest figures.

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Monday, 24 December 2007 13:49

Holidays not merry for Circuit City

Written by David Stellmack

Image

Posts a large loss


While some retailers in the U.S. and Canada are reporting increased sales for the holiday season, Circuit City is not among them. Circuit City posted a third quarter loss and CEO, Philip J. Schoonover, warned that the loss will continue into the next quarter. This means that Circuit City will not turn a profit this holiday season, normally the best time of the year for electronics retailers like Circuit City.

Schoonover reported that Circuit City lost $208 million for the quarter ending the 30th of November and that they expect a moderate loss for the current quarter which will end in February. Schoonover said that the losses are self-induced and they expect to be able to improve the situation moving forward.

Last modified on Monday, 24 December 2007 14:39

David Stellmack

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments