$9 million Average sales per store in fiscal year 2008
$16 million Average sales per store in fiscal year 2007
$321 million Circuit City’s losses in fiscal year 2008
155 Stores to be closed
12 Markets being abandoned
Shares in Circuit City, which have traded under $1 for more than a month, rose about 38 percent on Monday’s announcement — a whopping 10 cents.
The company said last week it received a warning from the New York Stock Exchange that its stock price is not high enough for continued listing.
To regain compliance, Circuit City’s common- stock share price and the average share price over 30 consecutive trading days must both exceed $1 within six months of its receiving the notice.
Headquarters: Richmond, Va.
Stores closing in Colorado: 3
Left in Colorado: Metro Denver (10), Colorado Springs (3), Grand Junction (1), Fort Collins (1)
Source: Circuit City
