November 1, 1987
Circuit City Stores Inc., based in Richmond, Va., has opened its new western corporate offices and a major automated warehouse in City of Industry. The $9-million project, on a 13-acre site at Lemon Avenue and Currier Road, consists of a two-story 40,000-square-foot office building, plus a 250,000-square-foot warehouse. Former western offices at 5555 E. Olympic Blvd. in City of Commerce will become service headquarters for the home electronics and appliances chain.
November 30, 1986 |
Los Angeles pharmacist Joe Mancuso is in the market for a car stereo to replace a unit stolen from his car. His problem isn't what to buy, but where to buy it. Since Richmond, Va.-based Circuit City Stores entered Southern California's $2.1-billion consumer electronics market in November, 1985, Mancuso has found that area retailers are competing for business like never before. Everything from laser beams to baby sitters is being employed to get his patronage and that of other shoppers.
October 26, 1986
Four new Circuit City stores are scheduled to open today in Fresno, Santa Barbara, South Coast (Orange County) and Compton. At least eight additional stores will be constructed in 1987, a Circuit City spokesman said. The store openings come less than three weeks after Circuit City's ground-breaking for corporate offices and warehouse in the City of Industry. Circuit City, a national home-electronics retailer headquartered in Richmond, Va.
June 19, 1986 |
The benefits and drawbacks of rapid expansion in the fiercely competitive consumer electronics industry showed up in the first-quarter financial results reported Wednesday by Circuit City Stores and Federated Group. Circuit City said it is enjoying the results of its expansion with a 32% sales increase and a 15% jump in earnings. But its competitor, Federated Group, said its growth program was primarily responsible for a 76% decline in net income.
November 24, 1985
The seventh and final Circuit City home electronics and appliance store in the first round of Southern California openings is scheduled to open Wednesday in the former Akron store at 18020 Hawthorne Blvd., Torrance. Other Circuit City stores have opened in Buena Park, Orange, Laguna Hills, Huntington Beach, West Los Angeles and most recently, in Woodland Hills, according to Ken Antos, president of the Western Division, Circuit City Stores Inc.
October 21, 1985 |
Circuit City Stores, a fast-growing consumer electronics retailer from Richmond, Va., hopes to short-circuit competitors such as Federated Group and its wild-eyed, super-hip pitchman, Fred Rated, by opening at least 15 stores in Southern California by early next year. Advertising will begin today, and the first seven high-tech "superstores" will throw open their doors next month, said Circuit City President Richard Sharp.