GJ Circuit City safe from closing list

The Circuit City store in Grand Junction will stay put despite the company’s announcement Monday that it will be closing 20 percent of its stores nationwide because of economic pressures.

Reports from the company confirmed the three Colorado stores are in Parker, Colorado Springs and one open just under two years in Northglenn.

“Due to challenges to our business and the continued weak economic environment, the company has decided to take several restructuring actions immediately, including closing 155 U.S. stores, reducing future store openings and aggressively renegotiating certain leases,” said Jim Babb, spokesman with Richmond-based Circuit City Stores Inc.

An employee who answered at the store at 2452 U.S. Highway 6&50, who would not give her name, said, “We’re not closing.”

The investor relations list confirmed that the location would not be one facing closure.

The consumer electronics chain store has stores in 55 media markets. In 12 of those, Circuit City will close all its stores and exit the market, the release said.

The closings will result in a reduction of about 17 percent of the company’s U.S. workforce. The stores that have doors shut this morning will reopen temporarily for clearance sales on Wednesday, officials said.

To see the full list of closings, go to http://investor.circuitcity.com.


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