Circuit City's holidays not so happy
Circuit City posted a steep quarterly loss on Friday and warned the operating losses will continue into the current quarter, which includes the bulk of the holiday shopping season, traditionally when retailers make most of their money.
"We are very dissatisfied with our third quarter results," Circuit City CEO Philip J. Schoonover said in a statement, adding that the company saw fewer sales of profitable items like accessories, services, and extended warranties.
"We believe that these issues are primarily self-induced and are within our control to improve," he said.
I can't say I was surprised … Read more