Circuit City Closing 1/5th of U.S. Stores; 2 in Alabama - WSFA.com Montgomery Alabama news.

Circuit City Closing 1/5th of U.S. Stores; 2 in Alabama

RICHMOND, Va. (AP) - In an effort to make itself profitable again, Circuit City says it's closing about 20 percent of its U.S. stores, including two in Alabama . The affected stores are in Anniston and Trussville. The electronics retailer says the 155 stores to be shut down will not open Tuesday, but on Wednesday they'll begin store closing sales. The Richmond, Virginia-based company has been operating more than 700 stores in 55 markets across the country. The closings will prompt the layoff of about 17 percent of Circuit City 's U.S. work force.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

 

Powered by Frankly