Circuit City Stores Inc.: The Richmond, Va.-based...

Circuit City Stores Inc.: The Richmond, Va.-based retailer of brand-name consumer electronics and appliances posted a record profit of $70 million for fiscal 1989, up 38% from 1988. Sales grew 27% to $1.72 billion. The firm credited the results to the opening of 20 superstores during the year and to a 7% increase in comparable store sales.