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Business Description
Circuit City Group, a division of Circuit City Stores, Inc., is a national retailer of brand-name consumer electronics, personal computers and entertainment software. It sells video equipment, including televisions, digital satellite systems, DVD players, video cassette recorders, camcorders and cameras; audio equipment, including home and portable audio systems and compact disc players; mobile electronics, including car audio, video and security systems; home office products, including personal computers, printers, peripherals, software and facsimile machines; entertainment software, including video games, DVD movies and music, and other consumer electronics products, including wireless phones, corded and cordless phones and accessories. Merchandise varies by location based on store size and market characteristics. During fiscal 2001, Circuit City exited the major appliance business. Circuit City operates over 600 superstores throughout the United States.

Financial Information
Circuit City Group is a national retailer of brand-name consumer electronics, personal computers and entertainment software. For the six months ended 8/31/02, revenues rose 11% to $4.34 billion. Net income increased 57% to $26.6 million. Revenues reflect increased comparable store sales. Net income also benefitted from a decrease in selling, general, and administrative expenses as a percentage of sales.