Just when you think Circuit City
Analysts had been expecting same-store sales to climb 6%.
Interestingly, Circuit City did well in advanced technologies like LCD and plasma televisions, digital satellite systems, digital imaging products, and satellite radio. Internet sales were also strong. But contrary to news out of Electronics Boutique
The company expects to open 65 to 70 superstores in fiscal 2005, which begins March 1. However, a little more than half are expected to be relocations of existing stores. As Fool Dave Marino-Nachison noted a few weeks ago, Circuit City's relocated stores have performed better, but not without costs in both time and money.
And while the new and revamped stores are attractive and help enhance the company's brand, Best Buy
Jeff Hwang can be reached at JHwang@fool.com.