Thread: Circuit City Stores returns to profitability

Circuit City Stores returns to profitability
Circuit City Stores has come out with their revenue reports and the company has posted profits compared to losses last year.
The company gained due to high demand for high price items like flat-panel televisions. The news also helped the company gain in the stock market as the prices went up by around 3%.
Circuit City also stood by its forecast for sales growth of 7 percent to 11 percent for the year. The company posted net income of $6.4 million, or 4 cents per share. This was a much better performance compared to losses of $13.1 million, or 7 cents per share, a year earlier.
Revenues for the company were up to $2.62 billion, beating the average forecast of $2.48 billion.

Sorry to bump up a 3 year old thread.

On May 19, 2009, Systemax Inc. purchased the Circuit City brand and website. Systemax Inc. has been in business since 1949. Systemax Inc. is a leading multi-channel retailer of computers, electronics, and industrial products in North America and Europe. Systemax Inc. is a publicly traded company on the NYSE under the symbol SYX.