RICHMOND, Va. (AP) - Circuit City Stores Inc. said Monday it is closing about 20% of its U.S. stores, including several in Texas, in an effort to return the nation's No. 2 consumer electronics retailer to profitability.
The Richmond, Va.-based company said it will shutter 155 of its more than 700 stores in 55 markets by Dec. 31. Circuit City also said it will further reduce new store openings and plans to work with landlords to renegotiate leases, lower rent or terminate agreements.
The Texas stores closing are in Burleson, Cedar Park, Dallas, Houston, League City, Mansfield, McKinney, Sherman and Temple.