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Circuit City tries a turnaround in a bad economy

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Old Apr 10, 2008, 04:54 PM   #1
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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.
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