Circuit City: No more closings planned

RICHMOND, Va. Circuit City responded to a report issued by Credit Suisse saying that electronics retailer announced additional store closures. According to Circuit City, the report was erroneous, and the company has no plans to close stores other than the 155 it had said it would shut down on Nov. 3.

On Dec. 17, Circuit City filed with the Court a notice that an auction of the leases for 154 of these stores was cancelled and therefore will seek to have the leases rejected.