Monday, January 7, 2008

No HELOC = No 100" LCD

RICHMOND, Va. (AP) -- Electronics retailer Circuit City Stores on Monday said same-store sales fell 11.4 percent in December, as strength in the final two weeks of the month failed to offset declining sales of tube televisions, camcorders and other devices earlier in December.

Schoonover said the company will pay attention to giving sales associates the "necessary knowledge and tools needed to improve both sales and margin." The company had laid off 3,400 high-paid workers and replaced them with lower-paid new hires in March.

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