Most of the new stores are in the company's "City" conceptformat, which average 20,000 sf and focus less on appliances thanits other superstores. Of its nearly 700 domestic units 22 arecurrently City locations.


Same-store sales slid 10.4% year over year during the fourthquarter, which ended Feb. 29. Net sale dropped 7.7%, to just over$3.6 billion.


For the coming year, executives predict at same-stores salesdecline in the mid-single digits. The company, which expects topost a first-quarter loss between $180 million and $195 millionwill not show financial improvement until the back half of theyear, said Philip Schoonover, Circuit City's chairman, presidentand chief executive officer.


"We remain confident we are on the right track," he said. Thecompany will focus on improving margins, differentiating its storesfrom other chains an improving the overall shopping experience forcustomers, management said.

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