Circuit City Stores, Inc. Names Jeffrey S. Stone Executive Vice President - New Business Development

RICHMOND, Va., Jan. 29 /PRNewswire-FirstCall/ -- Circuit City Stores, Inc. today announced that Jeffrey S. Stone has joined the company as executive vice president -- new business development. Stone will oversee the growth and development of The City(TM) concept stores, firedog(SM) services and ongoing innovation work.

Stone, 51, was most recently president and chief operating officer of Tivoli Audio, LLC, a manufacturer of high-end audio devices. Prior to Tivoli, Stone spent 15 years at Tweeter Home Entertainment Group, Inc., joining as president and chief operating officer in 1990 and named chief executive officer in 1999. During his tenure, Tweeter grew from a 13-store regional chain into a 177-store chain generating more than $825 million in sales.

Prior to joining Tweeter, Stone was executive vice president for Bread & Circus, an organic natural food retailer, and oversaw store operations, human resources, marketing and purchasing. His career also includes roles in human resources at Scandinavian Designs/Scandinavian Gallery and store operations at Levitz Furniture.

"Jeff brings proven premium retail brand and operational leadership experience to our team," said Philip J. Schoonover, chairman, president and chief executive officer of Circuit City Stores, Inc. "His specific experience in developing new consumer electronics retailing and services store concepts will be beneficial as we execute against our expansion of digital home services and optimize our new The City(TM) concept. As we upgrade and build depth on our team with proven retail executives, I want to strike the appropriate balance of improving our near-term financial results through fixing our core business while developing our long-term strategic growth initiatives. We believe this balanced approach will improve our near-term profitability and our long-term competitive position while advancing shareholder value."

Reporting to Stone are Marc J. Sieger, senior vice president, general manager -- services and Steven P. Pappas, senior vice president, president -- small stores.

About Circuit City Stores, Inc.

Circuit City Stores, Inc. is a leading specialty retailer of consumer electronics and related services. At December 31, 2007, the domestic segment operated through 671 Superstores and 13 other locations in 158 U.S. media markets. At December 31, 2007, the international segment operated through 788 retail stores and dealer outlets in Canada. Circuit City also operates Web sites at http://www.circuitcity.com/, http://www.thesource.ca/ and http://www.firedog.com/.

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