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Headquarters:
9950 Mayland Drive
Richmond, VA 23233
Employees: 34,000
CEO: James Marcum
Website:
http://www.circuitcity.com
Career
Site
Circuit City was the nation's second largest electronics store chain behind Best Buy. It is a top retailer of DVDs, computers, camcorders and TVs.
The company announced it would go out of business and shut its remaining 567 stores after failing to find a buyer for the money losing chain. About 34,000 full- and part-time workers will lose their jobs.
The company is set to close all stores by Sunday, March 8.
Circuit City Superstores are approximately
33,000 square feet on average and offer a large selection of
brand-name consumer electronics, personal computers and entertainment
software as well as related services.
In fiscal 2008, the company reported sales
of $11.7 billion, a decline from $12.4 billion the previous year,
and net loss of $321.4 million.
History
Circuit City began in 1949 when Samuel
Wurtzel opened the first Wards store in Richmond, VA. The company
soon had four stores that sold TVs and appliances. In 1977, the
first Circuit City stores were launched focusing on home video
and audio products. The company opened more stores around the
country and changed its name to Circuit City stores in 1984.
Benefits
Benefits offered to full-time and part-time
associates who meet the eligibility requirements:
Dental Plan: We want our Associates to keep smiling, and
that's why we've chosen a Dental Care Plan that provides benefits
for preventive, basic and major services and coverage for some
orthodontic services (for dependents under age 19).
Vision Plan: You only have one pair of eyes and our Vision
Plan can help you keep them healthy!
Life Insurance: We help provide for the family's financial
needs in the event of an Associate's death. The Company pays
100% of cost for Basic Life coverage. Associates pay 100% of
cost for Supplemental Life coverage which includes options for
additional Associate Life, Spousal Life, Child Life, and Accidental
Death & Dismemberment (AD&D) coverage.
Employee Assistance Program: LifeBalance provides Associates
with information and resources on a wide range of issues and
topics. LifeBalance can help with personal and work-related problems,
older adult and parenting resources, legal and financial issues
and many other day-to-day things that make it difficult to balance
work and family life.
Associate Discount Program: Associates may purchase merchandise
at a reduced cost for their own personal use, or for the personal
use of the immediate family members living in their same household.
401(k) Plan: The company contributes $1.00 for each $1.00
the Associate contributes, up to 3% of their annual salary. The
company will also contribute $0.50 for each $1.00 the Associates
contributes for the next 2% of their annual salary. Associates
may contribute up to 40% of pay and company contributions are
vested immediately, there's no vesting period!
Health Care Spending Account (HCSA): HCSA allows our Associates
to pay for health care expenses with pre-tax dollars.
Dependent Care Spending Account (DCSA): DCSA allows our
Associates to pay for dependent care expenses with pre-tax dollars.
Truliant Credit Union: We want to help make banking a
little easier. This full-service financial institution offers
a wide range of services, including no-fee Checking and Savings
accounts, VISA Credit Card with no annual fee, and American Express
Traveler's Cheques at no fee.
Business Travel Accident Insurance: We want you to have
peace of mind. At Circuit City, we offer death and dismemberment
benefits for Associates who travel on business for the company.
Benefits offered to full-time associates who meet the eligibility
requirements:
Health Care Program: Our Health Care Program covers most
medically necessary and appropriate expenses and some routine
and preventive care.
Short Term Disability: Circuit City provides benefits
for most medically certified absences of more than five consecutive
scheduled work days. Benefits are based on earnings and length
of service. The Company pays 100% of the cost.
Long Term Disability: LTD benefits may be available after
180 days of continuous, approved disability. Our Associates pay
100% of the plan's cost.
Stock Purchase Plan: Become a Circuit City stockholder.
We offer an Associate Stock Purchase Plan that enables Associates
to purchase Company stock through payroll deductions. The Company
contributes $0.15 for every $1.00 the Associate contributes.
Associates may contribute 2-10% of their pay.
Educational Scholarships: Here's a great opportunity to
get financial assistance with the cost of your family's college
tuition. Your immediate family members can apply for Circuit
City Foundation scholarship opportunities.
Matching Gifts Program: We want to help you support your
community! That's why our Circuit City Foundation matches, on
a limited dollar-for-dollar basis, gifts to qualifying educational
and cultural organizations.
Updated March 5, 2009
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