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CIRCUIT CITY STORES, INC. REPORTS FEBRUARY AND FISCAL YEAR SALES

 CIRCUIT CITY STORES, INC. REPORTS FEBRUARY AND FISCAL YEAR SALES
 RICHMOND, Va., March 5 /PRNewswire/ -- Circuit City Stores, Inc. (NYSE: CC) today announced February sales of $205.2 million, which represents a 35 percent increase from February 1991 sales of $152.1 million and includes a 20 percent increase in comparable store sales.
 The company also announced sales for the fiscal year ended February 29, 1992. Total sales for the fiscal year were $2.79 billion, an 18 percent increase from $2.36 billion in fiscal 1991. Comparable stores sales increased 1 percent for the year and 8 percent for the fourth quarter ended February 29, 1992.
 "We have enjoyed strong growth in comparable store sales since the end of December," said Richard L. Sharp, Circuit City's president and chief executive officer. "The February sales gains include the additional Leap Year Saturday and represent comparisons with last year's weakest month, which was the height of the Persian Gulf War. We expect a significantly lower comparable store sales pace in March as we face much more difficult comparisons."
 Circuit City Stores, Inc. is the nation's largest specialty retailer of brand-name consumer electronics and major appliances. With headquarters in Richmond, Va., it operates 184 Superstores, 10 Circuit city stores and 34 Impulse stores in the eastern, midwestern and western United States.
 -0- 3/5/92
 /CONTACT: Ann M. Collier, Circuit City Stores, Inc., 804-527-4058/
 (CC) CO: Circuit City Stores, Inc. ST: Virginia IN: REA SU:


CM -- CH002 -- 5263 03/05/92 08:34 EST
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Publication:PR Newswire
Date:Mar 5, 1992
Words:252
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