Circuit City, the No. 2 electronics retailer behind Best Buy, is closing 69 stores in the U.S. and Canada. The company quoted gross margin pressure from lower prices on flat-panel TVs as a large reason for its troubles. The closings represent nearly 5% of Circuit City’s stores. The company will not announce which stores it is shuttering, but keep your eyes open. The targeted stores will close on Monday and reopen Wednesday for a major clearance sale.
Guess there’s no return policy on these items!