www.EmploymentCrossing.com Philip Schoonover has stepped down as CEO of Richmond, Virginia-based consumer electronics retailer Circuit City after four years, two of which showed losses. Pressure from   more...activist shareholders led the retailer to replace Schoonover with vice chairman James Marcum. Marcum was elected to Circuit City's board of directors in June, after being nominated by activist investor Mark Wattles, who controls a 6.5% stake in the beleaguered electronics store chain. Marcum has some experience in retail turnarounds, having worked at Ultimate Electronics, a retailer specializing in home and auto electronics. While Schoonover's resignation might be considered a victory for Wattles, the future of the retail chain, with 683 stores in the US and Puerto Rico, is unclear. A $1 billion acquisition proposed by Texan DVD rental chain Blockbuster failed this summer as the economy weakened. Circuit City management initially resisted the bid, but later relented. It doesn't appear that any serious buyers have emerged since then. Circuit City shares now down 80% from a year ago. The chain never recovered from a price war that erupted two years ago over flat-panel TVs, when prices plummeted 40% to 50%.  less

www.EmploymentCrossing.com Philip Schoonover has stepped down as CEO of Richmond, Virginia-based consumer electronics retailer Circuit City after four years, two of which showed losses. Pressure from   more...activist shareholders led the retailer to replace Schoonover with vice chairman James Marcum. Marcum was elected to Circuit City's board of directors in June, after being nominated by activist investor Mark Wattles, who controls a 6.5% stake in the beleaguered electronics store chain. Marcum has some experience in retail turnarounds, having worked at Ultimate Electronics, a retailer specializing in home and auto electronics. While Schoonover's resignation might be considered a victory for Wattles, the future of the retail chain, with 683 stores in the US and Puerto Rico, is unclear. A $1 billion acquisition proposed by Texan DVD rental chain Blockbuster failed this summer as the economy weakened. Circuit City management initially resisted the bid, but later relented. It doesn't appear that any serious buyers have emerged since then. Circuit City shares now down 80% from a year ago. The chain never recovered from a price war that erupted two years ago over flat-panel TVs, when prices plummeted 40% to 50%.  less

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http://www.sbitoday.com This economy just keeps getting worse. Mother's Cookies, Circuit City, Macy's, KB Toys, all going bankrupt...it's far too scary not to go on the offensive.

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AT&M is an electronic printed circuit board assembling company, that services the manufacturing requirements of the electronic engineering industry. Our printed circuit service in Perth includes:   more...Through hole assembly services standard and RoHS compliant. Surface mount and assembly services BGA's QFN. Std/RoHS Surface mount rework services. Circuit board conformal coating services. Retail and bulk packaging with instructions if required. AT&M offer a full " turnkey" solution, this can solve logistic problems of space, time, staff, stocking parts, equipment and cash flow. Contact for further details.  less

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