If electronics shopping is on your list in the near future, there are fewer stores for you to shop in this year.
The Richmond, Va.-based company said Monday that it will shut down 155 of its more than 700 stores in 12 markets by Dec. 31, laying off thousands of employees.
Circuit City has had only one profitable quarter in the past year, posting a wider second-quarter loss in September with a 13.3 percent decline in sales at stores open at least a year.
Its results have weakened amid a deteriorating retail environment and heightened competition from rival Best Buy Co. and others.
The company is reviewing its operations while exploring strategic alternatives.