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Friday, February 09, 2007

Circuit City Closing Louisville Distribution Center

Louisville BizJounrals reports that Circuit City announced that they will close a 512,000 square foot distribution center in Louisville, Kentucky.  This distribution center is responsible for distributing store fixtures and signs. 

The company will also close 6 stores out of 643 nationwide.  The stores are reported to be either cash-flow negative or very low-volume, low-cash flow stores still setup under older formats that were being phased out any way for "brand reasons."

Circuit City also is tightening its belt slightly internationally where it will close 62 under performing stores.