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Sunday, November 18, 2012 |
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Circuit City Aims to Beat Black Friday
Circuit City Stores strategically filed for bankruptcy protection earlier this month to get a jump on the competition heading into Black Friday and the holidays, according to a liquidator involved in the retail chain’s clearance sales.
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Hastings Cites Weak Release Slate, Economy for Loss
A dearth of major theatrical releases, competition from the Summer Olympics and the current economic meltdown contributed to Hastings Entertainment posting a third-quarter (ended Oct. 31) fiscal 2007 loss of $3.7 million, compared to income of $100,000 during the prior-year period.
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Target Q3 Dips
Target has reported lower third-quarter earnings of $369 million, down from $483 million during the same period in 2007, with 2008 third-quarter revenue of more than $15.1 billion.
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