Highlights
A collection of news and information related to Circuit City Stores Incorporated published by Tribune Company sources.
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General Growth Properties gets loan reprieve
AP Real Estate WriterShopping-mall owner General Growth Properties Inc. is getting a two-week extension on $900 million in debt that had been scheduled to come due last week as the Chicago-based company works to stave off bankruptcy and negotiate longer-term extensions with...Tags: Corporate Officers, Property, General Growth Properties Incorporated, Deutsche Bank AG, Government
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General Growth gets loan break
Associated PressShopping mall owner General Growth Properties Inc. is getting a two-week extension on $900 million in debt that had been scheduled to come due last week as the company works to stave off bankruptcy and negotiate longer-term extensions with lenders. The...Tags: Property, Home Depot Incorporated, General Growth Properties Incorporated, J.P. Morgan Chase & Co., Foot Locker Incorporated
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For stores, the holiday season may already be over
The Associated PressThe holiday shopping season begins Friday with a blitz of early morning specials. For some merchants, though, it's practically over already. Piles of jewelry, clothing and electric drills are bypassing store shelves and heading straight to liquidators by...Tags: Global Hunter Corporation, Christmas, Wachovia Corp., eBay Incorporated, Religious Festivals
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Shopping malls are running on empty
Life Plaza Center in San Gabriel used to teem with diners heading to Green Village, a Chinese restaurant in the middle of the horseshoe-shaped mall on Valley Boulevard. But after the eatery closed five months ago, the 7,500- square-foot space remained...Tags: Real Estate Buyers, Property, Christmas, General Growth Properties Incorporated, Housing Industry
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As the holidays approach, retail stocks may be on sale
The holiday shopping season offers an unusual sale for investors: the stocks of most retailers. Even some of the proudest brand names are suffering because of the nation's reduced personal wealth, tight consumer lending and weakening job market. At some...Tags: TJX Companies Incorporated, Talbots Incorporated, Holidays, Men's Wearhouse Incorporated, Coldwater Creek Incorporated
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In 'the eye of the storm,' retailers shut their doors
As a government report showed yesterday that sales at the nation's retailers plunged to record lows in October, employees at Lauman's Home Furnishings in Perry Hall prepared to shut down for good. Sales at the 27-year-old furniture store on Belair Road...Tags: Vehicles, Employees, Wachovia Corp., Financially Distressed Companies, Maryland
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Store profits plummet
Of The Associated PressGrim seemed an understatement for the retail sector on Friday, as J.C. Penney Co. and Abercrombie & Fitch Co. both posted quarterly profits that fell by about half, and gave outlooks for the rest of the year that were far below Wall Street expectations....Tags: Earnings Forecasts, Texas, Abercrombie & Fitch Company, Government, Wal-Mart Stores Inc.
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Electronics billionaire buys into Circuit City
RICHMOND, Va. A Mexican billionaire who controls a chain of electronics stores in Latin America now holds a 13 percent stake in Circuit City Stores Inc., which is under bankruptcy protection. Ricardo Salinas Pliego, who is on Forbes magazine's list of the...Tags: Electronics, Financially Distressed Companies, Bankruptcy
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Circuit City gets major break
A Mexican billionaire who owns a large stake in Circuit City Stores Inc. believes there's great market opportunity in the company, even though it is under bankruptcy protection, a spokesman said Tuesday. Ricardo Salinas Pliego, who is on Forbes magazine'...Tags: Securities, Consumer Electronics Industry, Best Buy Company Incorporated, Electronics, Financially Distressed Companies
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Investor's past scuttles Circuit City plan
Even though he might want to, a Mexican billionaire will not be allowed to be an officer of Richmond-based Circuit City Stores Inc. or sit on its board of directors for nearly three years. The reason is a 2005 run-in with the U.S. Securities and...Tags: U.S. Securities and Exchange Commission
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Best Buy cuts fiscal 2009 profit outlook
The Associated PressBest Buy Co. rattled investors Wednesday, warning that an already grim holiday shopping season that's expected to be the worst in decades might be getting worse. Days after its rival Circuit City Stores Inc. filed for bankruptcy protection, the nation'...Tags: Holidays, Thanksgiving, Financially Distressed Companies, Earnings, Morningstar Incorporated
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Stocks plunge after Treasury's Paulson changes financial bailout strategy
More glum news on consumer spending and a reversal in the Treasury Department's plan to buy troubled mortgage-related debt from the country's banks combined to drive the stock market to its third straight loss Wednesday.
The Dow Jones industrial...Tags: Earnings Forecasts, Macy's, U.S. Department of Treasury, Starbucks Corporation, Government Debt
Dec 1, 2008
|Story| Associated Press
Dec 2, 2008
|Story| Baltimore Sun
Nov 27, 2008
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Nov 24, 2008
|Story| Los Angeles Times
Nov 23, 2008
|Story| Tribune Media Services
Nov 15, 2008
|Story| Baltimore Sun
Nov 15, 2008
|Story| Allentown Morning Call
Nov 18, 2008
|Story| Baltimore Sun
Nov 19, 2008
|Story| Hampton Roads Daily Press
Nov 22, 2008
|Story| Hampton Roads Daily Press
Nov 13, 2008
|Story| Los Angeles Times
Nov 13, 2008
|Story| Los Angeles Times
