Sherman among Circuit City stores closing

SHERMAN, Tex. - Just weeks before the holiday shopping season, Circuit City says it will close 155 stores across the nation, including the Sherman location. Rita Kotey has more.

Monday's announcement comes just nine months after the store's grand opening. Circuit City in Sherman celebrated their grand opening in January of 2008, and corporate officials say they are shutting it down in an effort to return the nation's No. 2 consumer electronics retailer to profitability. Officials say they have had only one profitable quarter in the past year, and that they have seen significant decline in traffic because of competition, with stores like Best Buy.

While we have not been given an exact date for when this particular store will be closing, Circuit City corporate officials said Monday morning that it will shutter 155 of its more than 700 stores in 55 markets by Dec. 31. Circuit City also said it will further reduce new store openings and plans to work with landlords to renegotiate leases, lower rent or terminate agreements.

The Sherman store employs about 40 people. Circuit City corporate officials have not given them any information or specifics on what they plan to do with employees.

The store will possibly have a liquidation sale in the next week, we are told, and will not be open Tuesday. Store closing sales should begin on Wednesday.

Circuit City customers like Bab Hankins were quite surprised when we told them the Sherman store was among those closing.

"With the upcoming change of the digital broadcast, I was trying to get a TV before everybody makes a mad dash for TVs, but you know they are saying that they are closing That's surprising, but everything's changing now-a-days."

Circuit City officials say they have also put a freeze on opening any new stores that may have been in the works. They say all 155 stores should be officially closed by December 31.

The Texas other stores closing are in Burleson, Cedar Park, Dallas, Houston, League City, Mansfield, McKinney, and Temple.

The Associated Press contributed to this report.

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  • by Anonymous Location: Sherman on Nov 9, 2008 at 12:32 AM
    It's all a hoax! Just another store saying that they are going to close and have a big sale. Just Imagine the long lines of people wanting to buy. That is the intent and next thing we know CC is here to stay.
  • by denison Location: denison on Nov 7, 2008 at 07:52 AM
    Circuit city just spread itself to thin. Seems to be a problem nowdays. As for not having a steak house. Try the cotton patch. There steaks are the best around.
  • by TM Location: C.C. Employee on Nov 6, 2008 at 08:03 AM
    I've been working there since it opened and I agree "MOST" of the people there are freaking idiots... and rude as hell... I however am not. I got into trouble one day for calling a manager to help with something I knew nothing about... I thought that is what you were supposed to do, and I got into trouble for leaving my section to help another customer who wasn't being helped.. Then I was fired for giving my manager attitude cause I said, "You'll never make it here because ya'll don't care about nobody or nothing except money and you're not gonna make that if you run the customers off" big suprise though. I'm happy they are closing down.
  • by mr. kennedy Location: sherman on Nov 5, 2008 at 05:14 PM
    yall need to get a clue both circuit city and best buy suck. Me needs to get a clue about sherman. The best electroics store there is FRYS in plano
  • by Michelle Location: Sherman on Nov 5, 2008 at 10:38 AM
    Well my experience with CC has been pretty good. I have bought several big ticket items there in the last few months such as a laptop, digital camera, car stereo, etc. One reason I liked them was they honored their internet price. Some do not do that, if you want their internet price you have to order it there or pay the higher in store price. They special ordered an item for me also. Sometimes the customer service was lacking but a certain other retailer gets on my nerves when I go there and they ask me 5 times in 10 minutes if I need help. There needs to be a median in there. I used to be a retail manager so I know they are told to do this but it is annoying. Anyway, I really liked Circuit City as it was another option for me for another electronics store. With the economy bad I am sorry to see any company failing. It is very saddening.
  • by Dookey Location: Out There> on Nov 5, 2008 at 08:51 AM
    We already had a Boston Market once. Someone decided we didn't need that, too.
  • by here Location: still here on Nov 5, 2008 at 08:15 AM
    i don't think me is from sherman???? but i do agree with jay about the fast food chains and the dissapointing steakhouses! i don't mind the outlet stores because i can't afford a macy's or a nordstrom, to rich for my blood,but i wish we had a boston market or something
  • by OOTO Location: Texoma on Nov 5, 2008 at 06:48 AM
    Me from Sherman; are you talking about the same Sherman the rest of us are? Sherman, TX, the Sherman where this Circuit City is in the story, has a population of roughly 38,000 people, not 360,000.
  • by Aaron Location: Sherman on Nov 4, 2008 at 02:44 PM
    Actually, they should have never opened this one or many others like they did when they did. They had no profits at the time and like every other electronic business, they kept losing to Wal-Mart. They didn't want hire anyone wanting over 7 bucks an hour or anyone certified to work on the computers. It was mainly people from other CC in the surrounding area that did the heavy stuff. They tried to cut sooo many corners until nothing was left of the paper. No other place around here is closing because no other place was doomed like CC. Every other place can survive in its market here in Sherman. Oh, and WELCOME CHIPOTLE!!!!!
  • by deb Location: over here on Nov 4, 2008 at 02:16 PM
    EXCUSE ME, MAYBE I LEFT OUT A WORD! SO SORRRRY! i should have said "i'm sorry to hear that BECAUSE.... (just incase i've made another inexcusable mistake) the rest is the reasoning behind why i'm sorry. get it me in durant?????
Sherman 4201 Texoma Pkwy (903) 892 -8123 Ardmore 2624 S. Commerce (580) 223-0946
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