Circuit City tries a turnaround in a bad economy

Iria · Apr 10, 2008, 05:54 PM

Struggling consumer electronics giant Circuit City pulled a big surprise Wednesday by posting a profitable first quarter, which is amazing considering its sales margins are still sounding alarm bells with investors.

Circuit City's overall sales numbers were down for the fourth quarter of its fiscal year just ended, but it also opened or relocated 22 US superstores and enjoyed gains across Web sales, international sales, and revenues from LCD TVs, video gaming products, GPS, and PC Firedog and home theater services.
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Source: BetaNews

Apr 10, 2008, 05:54 PM	#1
Iria DriverHeaven Extreme Member Join Date: Apr 2004 Posts: 7,275 Rep Power: 87	Circuit City tries a turnaround in a bad economy Struggling consumer electronics giant Circuit City pulled a big surprise Wednesday by posting a profitable first quarter, which is amazing considering its sales margins are still sounding alarm bells with investors. Circuit City's overall sales numbers were down for the fourth quarter of its fiscal year just ended, but it also opened or relocated 22 US superstores and enjoyed gains across Web sales, international sales, and revenues from LCD TVs, video gaming products, GPS, and PC Firedog and home theater services. __________ Source: BetaNews