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Circuit City Blames Console Shortages For Sales Fall

Officials from U.S. electronics chain Circuit City have reported a 5.8 percent drop in December sales at stores open over a year, with customer numbers also falling benea...
Officials from U.S. electronics chain Circuit City have reported a 5.8 percent drop in December sales at stores open over a year, with customer numbers also falling beneath last year’s figures, and have specifically mentioned console hardware shortages as an issue. Total sales for the company during the month rose 1.8 percent from the previous year to $1.75 billion, with digital audio products and LCD and plasma displays proving some of the most popular new items. While sales in personal computers, DVD hardware and video game hardware all declined, the video game sector alone accounted for 2.1 percentage points of the fall in sales. CEO Alan McCollough blamed the video game woes on "industry wide shortages of hardware", an indication that it's not just Europe and Japan that has suffered from hardware shortages in the last few months, with both the new slimline PlayStation 2 and the Xbox reportedly difficult to find.

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