Circuit City

  1. Best Buy Confirms Closure Plans for Remaining 42 U.S. Big Box Stores

    April 15, 2012 10:02 AM EDT Best Buy on Saturday announced the locations of 50 stores that it is closing this year , including seven in California, six in Illinois and six in the company's home state of Minnesota. The struggling electronics chain said last month that it ...

  2. Brian Dunn Resigns as Best Buy CEO

    April 10, 2012 11:36 AM EDT NEW YORK (AP) - Best Buy Co. CEO Brian Dunn has resigned from the nation's largestconsumer electronics retailer, a company that has been struggling to rebound amid growing competition and changing shopping habits. Best Buy, based in Minneapol ...

  3. Chart Moves: Rihanna, Lady Gaga, Sting, Lady Antebellum

    April 21, 2011 6:30 PM EDT A look at some of the most notable movers and shakers on this week's Billboard Hot 100 singles and Billboard 200 albums charts. The Billboard Hot 100: -- Rihanna: As previously reported , "S&M" rises 2-1 on the Billboard Hot 100 ...

  4. Analysis: The Paradox of the CD

    January 07, 2010 12:00 AM EST The CD is the record industry's biggest problem and, yet, its biggest source of revenue - and it took another big hit in 2009. The format's sales dropped 17.9% from 2008. That's a predictable figure considering the previous two year ...

  5. Holiday Sales Keep Retailers Optimistic

    December 28, 2009 12:00 AM EST Music merchants says the year is ending with relatively good cheer, thanks to a combination of factors in their Christmas stockings: a great release schedule, less aggressive music discounting, and comparisons to a disastrous 2008 Christmas season ...

  6. Analysis: As CD Falls at Best Buy, Look to Mobile

    March 27, 2009 12:00 AM EDT Even though CD and DVD sales continue to fall at Best Buy, the music industry had reason to be happy with Best Buy's Q4 and fiscal 2008 earnings release earlier today . The health of the company and its engagement of the mobile sector will pr ...

  7. Best Buy Results Beat Estimates

    March 27, 2009 12:00 AM EDT Best Buy Co posted a 23% drop in quarterly profit, but its shares rose after the retailer's adjusted results topped Wall Street estimates, and it forecast full-year profit above expectations as it benefits from the closure of former rival Cir ...

  8. Sirius XM To Roll Out iPhone App In Q2

    March 13, 2009 12:00 AM EDT Sirius XM Radio Inc looks to expand the reach of its satellite radio service with the second-quarter launch of an iPhone application as it explores a potential marketing partnership with satellite TV provider DirecTV Group. The company, which had ...

  9. Remaining Virgin Megastores To Close, VEGNA To Liquidate

    March 02, 2009 12:00 AM EST The planned closures of the Virgin Megastores in Times Square and Union Square in New York City and the Market Street store in San Francisco are the beginning of the final wind-down of the Virgin Entertainment Group North America. Over the next fe ...

  10. Warner Music Results Beat Street View, Sales Dip

    February 05, 2009 12:00 AM EST Warner Music Group posted better than expected results on Thursday, despite falling CD sales and slower growth in digital revenue. Net profit for the fiscal first quarter came in at $23 million, or 15 cents a share, compared with loss of $16 milli ...

  11. Best Buy Taps President/COO Dunn As New CEO

    January 21, 2009 12:00 AM EST Best Buy Co. Inc. laid out a succession plan Wednesday, saying Brian J. Dunn, its president and COO, will take over this summer as chief executive of the nation's largest consumer electronics chain. The 48-year-old, who began working at the c ...

  12. Circuit City To Liquidate Remaining US Stores

    January 16, 2009 12:00 AM EST Circuit City Stores Inc., the nation's second-biggest consumer electronics retailer, said Friday it had run out of options and will be forced to liquidate its 567 U.S. stores. The closures could send another 30,000 people into the ranks of th ...

  13. Circuit City Still In Talks Over Potential Sale

    January 15, 2009 12:00 AM EST Circuit City Stores concluded the first day of an auction and said it was still in talks with bidders regarding a potential sale of the company or certain assets. Lawyer Ian Fredericks of Skadden Arps Slate Meagher & Flom LLP, which represents ...

  14. Circuit City Says In Deal Talks With Two Parties

    January 09, 2009 12:00 AM EST Circuit City Stores Inc said on Friday that it was in deal talks with two parties that could either buy the bankrupt electronics chain or provide additional financing. Mexican retail and media mogul Ricardo Salinas Pliego, who has built up a stake ...

  15. Online Retail Sales Dip

    January 02, 2009 12:00 AM EST If flat is the new up, then the 2008 holiday shopping season was still a disappointment. Consumer online retail spending declined 3 percent this year, according to comScore, which had previously predicted that online shopping would represent a bri ...

  16. Taylor Swift Fends Off Keyshia Cole And Jamie Foxx At No. 1

    December 24, 2008 12:00 AM EST Taylor Swift's "Fearless" wins out on the Billboard 200 over new albums from Keyshia Cole and Jamie Foxx as the young country singer's set moves 330,000 . . . Cole's "A Different Me" and Foxx's "Intuiti ...

  17. Circuit City Auction Canceled For Lack Of Interest

    December 17, 2008 12:00 AM EST Bankrupt electronics chain Circuit City Stores Inc did not receive enough bids on leases for stores it plans to shutter, forcing it to cancel an auction set for Thursday, a company spokesman said on Wednesday. Circuit City, the second-largest U.S. ...

  18. Best Buy Beats Expectations, Eyes Buyouts

    December 16, 2008 12:00 AM EST The basics: * EPS 35 cents vs. estimate 24 cents * Revenue up 16 percent * Buyout offered to corporate staff * Store openings to be reduced next year * Shares up 15.5 percent Best Buy Co. reported better-than expected quarterly results on Tuesday ...

  19. Britney Album On Target For No. 1 Debut

    December 05, 2008 12:00 AM EST Britney Spears' "Circus" remains on track to debut at No. 1 on next week's Billboard 200, based on sales data reported to Nielsen SoundScan's Building chart through the close of business yesterday (Dec. 4). Unweighted sale ...

  20. Britney's 'Circus' On Track To Top Album Chart

    December 03, 2008 12:00 AM EST Britney Spears' sixth studio album, "Circus," is on track to debut at No. 1 on The Billboard 200 next week, as the Jive set will lead Nielsen SoundScan's Building chart when it is released later today (Dec. 3). Unweighted first ...

  21. Mexican Tycoon Sets Eyes On Circuit City

    November 19, 2008 12:00 AM EST Mexican retail and media tycoon Ricardo Salinas Pliego owns 28 percent of Circuit City and could buy more of the troubled U.S. electronics chain, a Salinas spokesman said on Tuesday. "Up to date, Mr. Salinas has purchased just under 28 percen ...

  22. Best Buy Cuts Forecast As Sales Slump

    November 13, 2008 12:00 AM EST Best Buy Co Inc, the No. 1 U.S. electronics chain, slashed its profit forecast on Wednesday, the latest sign that the deepening economic crisis may bring a bleak holiday season, sending the company's shares down 7 percent. Best Buy's war ...

  23. Taylor Swift Poised For No. 1 Debut

    November 12, 2008 12:00 AM EST Taylor Swift is on course to earn her first No. 1 album on the Billboard 200 as "Fearless" (Big Machine) leads Nielsen SoundScan's Building chart, released today (Nov. 12). Unweighted sales of "Fearless" through the close ...

  24. Circuit City Files For Bankruptcy Protection

    November 10, 2008 12:00 AM EST Circuit City Stores Inc., the nation's second-biggest electronics retailer, filed for bankruptcy protection on Monday (Nov. 10) but plans to stay open for business as the busy holiday shopping season approaches. It filed under Chapter 11 of t ...

  25. Retail Takes A Beating Amid Circuit City Closures

    November 04, 2008 12:00 AM EST Album sales were already down 12.3% compared to last year when, as expected, Circuit City announced that it will close 155 stores, or 21% of its footprint in the market. And though industry analysts say the chain may be trying to avoid bankruptcy ...

  26. Circuit City To Shut 155 Stores

    November 04, 2008 12:00 AM EST Circuit City Stores Inc said it would close 155 U.S. stores and was considering all options to restructure in the face of a deteriorating cash position and tighter credit terms from vendors. The store closures will help to give the No. 2 U.S. cons ...

  27. T.I.'s 'Trail' On Track For No. 1 Debut

    October 03, 2008 12:00 AM EDT T.I.'s "Paper Trail" (Grand Hustle/Atlantic) is on course to debut at No. 1 on The Billboard 200 next week. The rapper's sixth studio set leads Nielsen SoundScan's Building chart, released today (Oct. 3). Unweighted sales ...

  28. Jonas Brothers On Track To Score No. 1

    August 13, 2008 12:00 AM EDT The Jonas Brothers are on track to score their first No. 1 album next week on The Billboard 200, as "A Little Bit Longer" (Hollywood) leads Nielsen SoundScan's Building chart, released this afternoon (Aug. 13). Unweighted sales of & ...

  29. Miley, Sugarland Continue Charge To No. 1

    July 25, 2008 12:00 AM EDT Miley Cyrus' "Breakout" (Hollywood) and Sugarland's "Love on the Inside" (Mercury Nashville) continue their charge towards the No. 1 slot on next week's Billboard 200 albums chart, as the two sets still lead Niel ...

  30. Miley, Sugarland Vying For Next Week's No. 1

    July 23, 2008 12:00 AM EDT The Billboard 200 will greet a new No. 1 next week in the form of Miley Cyrus' "Breakout" (Hollywood) or Sugarland's "Love on the Inside" (Mercury Nashville), which are neck and neck on Nielsen SoundScan's Buildi ...

  31. Rihanna Stars In Circuit City Ad Campaign

    July 23, 2008 12:00 AM EDT Def Jam's Rihanna is the face and sound of a new back to school campaign from electronics retailer Circuit City. The campaign, from the Richmond Va.-based company's in-house advertising unit, uses the music from the singer's new sin ...

  32. Nas On Track For Fifth No. 1 Album Next Week

    July 18, 2008 12:00 AM EDT Nas' new Def Jam album may not have a title, but it will have a home at No. 1 on The Billboard 200. The veteran rapper is on course to notch his fifth topper on the big chart, as he leads Nielsen SoundScan's Friday Building chart with 11 ...

  33. Coldplay Headed To No. 1 On Billboard 200, Hot 100

    June 18, 2008 12:00 AM EDT On the heels of Lil Wayne's 1 million-plus debut sales week with "Tha Carter III," Coldplay's "Viva La Vida" (Capitol) will post similarly lofty numbers and bow at No. 1 on The Billboard 200 next week. The set leads N ...

  34. Lil Wayne's 'Tha Carter III' Builds To Magic Million

    June 13, 2008 12:00 AM EDT The magic million is within sight of Lil Wayne's "Tha Carter III." The Cash Money/Universal album continues to lead Nielsen SoundScan's Building chart, released today (June 13). Based on the new tally, the album could sell a mi ...

  35. Lil Wayne A Lock To Top Next Week's Album Chart

    June 11, 2008 12:00 AM EDT It's all about Lil Wayne this week as The Billboard 200 prepares for the arrival of "Tha Carter III." The rapper's new Cash Money/Universal album will easily bow at No. 1 next week, as it leads Nielsen SoundScan's Building ...

  36. Usher Continues March To No. 1 Debut

    May 30, 2008 12:00 AM EDT Usher's "Here I Stand" (LaFace/Zomba) continues to charge its way towards a No. 1 debut on next week's Billboard 200 albums chart, as it will once again lead Nielsen SoundScan's Building chart, when it is released later to ...

  37. Usher Poised For No. 1 Debut

    May 28, 2008 12:00 AM EDT Usher's "Here I Stand" (LaFace/Zomba) should stand tall at No. 1 on The Billboard 200 next week, as the set tops the Nielsen SoundScan Building chart, released today (May 28). Unweighted first-day sales for "Stand" from th ...

  38. Diamond On Track For First No. 1 Album

    May 07, 2008 12:00 AM EDT Forty-one years after he first appeared on The Billboard 200, Neil Diamond looks to be on course to earn his first No. 1 album as "Home Before Dark" (Columbia) leads the Nielsen SoundScan Building chart released May 7. Unweighted sales f ...

  39. First Day Sales Put Madonna On Track For 7th No. 1

    April 30, 2008 12:00 AM EDT Madonna is on track to net her seventh No. 1 album on the Billboard 200 as "Hard Candy" (Warner Bros.) tops Nielsen SoundScan's Building chart, released this afternoon (April 30). Among all female artists, only Barbra Streisand has ...

  40. Mariah And Leona Hold While Rest Of Billboard 200 Gets Busy

    April 30, 2008 12:00 AM EDT Mariah Carey's "E=MC2" holds at No. 1 on the Billboard 200 for a second week (down 61%) while Leona Lewis' "Spirit" stays firm at No. 2, earning a gain after her "American Idol" performance last week ... The ...

  41. With Huge First Day, Mariah On Track For No. 1 Debut

    April 16, 2008 12:00 AM EDT Mariah Carey looks certain to debut at No. 1 on next week's Billboard 200 with "E=MC2," based on massive first-day sales from the nine chains that report to Nielsen SoundScan's Building Chart. Unweighted sales for the Island De ...

  42. UMe, Circuit City, Vibe Ramp Up Major Promotion

    February 01, 2008 12:00 AM EST Universal Music Enterprises has partnered with Circuit City and Vibe magazine for an exclusive, multitiered "Back to Old Skool" promotion. Centered around 20 featured UMe/Verve titles by current and vintage artists, the campaign includes ...

  43. Jay-Z In Line For 10th No. 1 Album

    November 07, 2007 12:00 AM EST Jay-Z is on course to achieve his 10th No. 1 album on The Billboard 200, as his "American Gangster" set (Roc-A-Fella) leads Nielsen SoundScan's Building Chart, released Nov. 7. If Jay-Z locks his 10th No. 1, that will tie him with E ...

  44. Britney Poised For Top Spot On Billboard 200

    October 31, 2007 12:00 AM EDT Britney Spears looks to have a clear path to top The Billboard 200. First-day sales from the eight chains that report to Nielsen SoundScan's Building Charts put Spears' Jive/Zomba release "Blackout" at 124,000 on the report rel ...

  45. Kid Rock Pulls Ahead In Race For Billboard 200

    October 10, 2007 12:00 AM EDT Kid Rock looks primed to debut at No. 1 next week on The Billboard 200 with "Rock'n'Roll Jesus" (Atlantic). Unweighted opening-day sales from eight leading accounts posted today on Nielsen SoundScan's Building Charts put t ...

  46. Springsteen A Lock For Another No. 1 Album

    October 08, 2007 12:00 AM EDT Bruce Springsteen is a lock to add another No. 1 album to his resume, according to Nielsen SoundScan's Friday Building Chart, released Oct. 5. Unweighted sales through close of business Thursday saw "Magic" leading the next best sel ...

  47. Springsteen Primed To Lead Next Week's Album Chart

    October 03, 2007 12:00 AM EDT Bruce Springsteen is on target to debut at No. 1 next week on The Billboard 200 with "Magic" (Columbia), his first album with the E Street Band in five years. Unweighted opening-day sales from eight leading accounts posted today on Niels ...

  48. Rascal Flatts Poised To Earn Third No. 1 Album

    September 28, 2007 12:00 AM EDT Rascal Flatts is on course for the largest sales week by a country act in 2007, according to the Building Charts posted by Nielsen SoundScan. Unweighted sales from eight leading accounts posted Friday (Sept. 28) afternoon show the Lyric Street gro ...

  49. Reba Poised For First Career No. 1

    September 21, 2007 12:00 AM EDT Billboard's first Woman of the Year may be in line for her first career No. 1 on The Billboard 200, as Reba McEntire's new album leads the Friday edition of Nielsen SoundScan's Building Chart. Unweighted sales through close of Thurs ...

  50. Kanye Retains Big Lead Over 50 In Debut Week Sales

    September 14, 2007 12:00 AM EDT Kanye West has increased his lead over 50 Cent in the much scrutinized battle between the rap stars, according the Friday edition of Nielsen SoundScan's Building Charts. Un-weighted sales from eight leading accounts through close of business ...

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