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- Circuit City Stores Inc. said Thursday it will close 62 underperforming company-owned The Source stores across Canada.
www.cbc.ca/news/business/circuit-city-closing-62-stores-in-canada-1.664887
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Jan 19, 2024 · A total of 165 locations of The Source, once known as Radio Shack and then The Source by Circuit City, will now become outposts of Best Buy Express, reported the Canadian Press on Thursday.
- Becky Robertson
Feb 8, 2007 · Circuit City is cutting 290 jobs in Canada as part of a restructuring that will see the U.S.-based electronics retailer close 62 stores in this country and reduce Canadian head office staff in ...
Feb 15, 2007 · BARRIE, Ontario – Circuit City close 62 of its Canadian retail outlets this year, part of a major restructuring by its U.S. based parent company, Circuit City Stores, that also includes the shuttering of seven North American retail superstores and a distribution centre in Louisville, Kentucky.
News reports also mention that 62 stores in Canada were to close. [39] Circuit City announced on February 23, 2007, that its chief financial officer, Michael Foss, would leave the company. This unsettled investors and analysts concerned about management turnover.
In February 2007, The Source announced it would close down 62 low volume stores across Canada. On March 30, 2007, Circuit City announced to its shareholders that it was seeking options including selling off the InterTAN/The Source subsidiary to cut losses.
Feb 6, 2024 · A Bell spokesperson confirmed to iPhone in Canada the headquarters of The Source is indeed closing. “We’re transitioning 165 The Source stores to Best Buy Express with the remainder closing in 2024,” said the Bell spokesperson.
