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Circuit City details 4th-quarter charge, expenses
March 28, 2007 / 8:04 PM / 11 years ago

Circuit City details 4th-quarter charge, expenses

CHICAGO, March 28 (Reuters) - Circuit City Stores Inc. (CC.N), which is replacing 3,400 store employees with lower-paid workers and making other changes, gave details of the costs expected from those plans on Wednesday, such as recording a non-cash impairment charge of $92 million.

Circuit City, which is also exploring a possible sale of its InterTAN Inc. Canadian unit, said it expects to record fourth-quarter pretax expenses of $11.7 million related to employee terminations and $31 million related to exit and business disposition activities.

((Reporting by Jessica Wohl; Reuters Messaging:; +312-408-8132; e-mail: Keywords: CIRCUITCITY CHARGES/

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