I have to admit, this news isn’t as shocking as it should be to me. Circuit City has fewer stores than Best Buy in my area and they’re always empty. The electronics retailer says it’ll be closing eight stores in the US, 62 in Canada and a distribution center in Kentucky. The move comes as Circuit City tries to reduce costs among falling profits. About 270 employees total will be out of work until they realize the Best Buy down the block is hiring.

Circuit City will close 70 stores [Orlando Sentinel]