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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
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                                    FORM 8-K


                                 CURRENT REPORT
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

        Date of Report (Date of earliest event reported): August 14, 2008
                                                          ---------------

                            CIRCUIT CITY STORES, INC.
             (Exact name of registrant as specified in its charter)

         Virginia                      1-5767                   54-0493875
(State or other jurisdiction   (Commission File Number)       (I.R.S. Employer
     of incorporation)                                      Identification No.)

                 9950 Mayland Drive
                 Richmond, Virginia                                23233
      (Address of principal executive offices)                   (Zip Code)

       Registrant's telephone number, including area code: (804) 486-4000

                                 Not Applicable
          (Former name or former address, if changed since last report)


Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

     |_| Written  communications  pursuant to Rule 425 under the  Securities Act
(17 CFR 230.425)

     |_| Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)

     |_|  Pre-commencement  communications  pursuant to Rule 14d-2(b)  under the
Exchange Act (17 CFR 240.14d-2(b))

     |_|  Pre-commencement  communications  pursuant to Rule 13e-4(c)  under the
Exchange Act (17 CFR 240.13e-4(c))

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Item 5.02     Departure of Directors or Certain Officers; Election of Directors;
              Appointment  of Certain  Officers;  Compensatory  Arrangements  of
              Certain Officers.

     On August 14, 2008,  Circuit City Stores,  Inc. (the  "Company")  appointed
James A. Marcum, who has served as a director of the Company since June 2008, as
Vice Chairman of the Company, effective as of August 18, 2008. In this executive
officer  position,  Mr.  Marcum  will play a key role in leading  the efforts to
accelerate the pace of the Company's turnaround.  He will continue to serve as a
director of the Company.

     The terms of Mr. Marcum's  employment are set forth in an offer letter from
the  Company to Mr.  Marcum  dated  August 8, 2008 (the "Offer  Letter")  and an
employment agreement between the Company and Mr. Marcum,  effective as of August
18,  2008 (the  "Employment  Agreement").  The  following  is a  summary  of Mr.
Marcum's compensation, as provided in the Offer Letter and Employment Agreement:

    o    Initial base salary of $750,000 per year.

    o    Eligibility  to  participate  in a short-term  incentive  program under
         which he will receive a restricted stock grant for up to 100,000 shares
         of the Company's  common stock in March 2009 following the  achievement
         of certain  milestones set by the Compensation and Personnel  Committee
         of the Company's Board of Directors.

    o    Eligibility  to receive a  non-qualified  stock option grant of 600,000
         shares of the Company's  common stock,  which will vest with respect to
         200,000 shares on each of August 1, 2009,  August 1, 2010 and August 1,
         2011.

    o    A one-time  "sign-on" bonus of up to $250,000 to assist Mr. Marcum with
         travel and temporary living expenses.

     Mr. Marcum will also receive the other  benefits that the Company  provides
to its  executive  officers,  including a car  allowance,  participation  in the
Officer  Evaluation  Program,  a financial planning allowance and eligibility to
participate in the Company's  comprehensive  benefit  program in accordance with
the  Company's  policies.  He will be eligible to  participate  in the Company's
short-term and long-term incentive programs for the 2010 fiscal year.

     The Employment Agreement is the form of agreement that the Company has with
each of its other  executive  officers,  the terms of which are disclosed in the
Company's proxy statement for the 2008 annual meeting of shareholders,  as filed
with the  Securities  and Exchange  Commission  on May 29, 2008 (the "2008 Proxy
Statement").  Similar  to that  agreement,  the  Employment  Agreement  contains
provisions confirming Mr. Marcum's obligation to maintain confidentiality of the
Company's  information  and not to compete  with the Company for a period of one
year following the  termination of his employment.  In addition,  the Employment
Agreement addresses the procedure and severance benefits for various termination
scenarios.

     Copies of the Offer  Letter and the  Employment  Agreement  are attached as
Exhibits 10.1 and 10.2 to this Report and are incorporated herein by reference.

     Mr.  Marcum's  biographical  information  is  included  in the  2008  Proxy
Statement  under the heading  "Election  of  Directors,"  which  information  is
incorporated herein by reference.  Mr. Marcum became a full-time employee of the
Company as of August 18, 2008.


Item 9.01 Financial Statements and Exhibits.

      (d) Exhibits.

         Exhibit No.           Description

         10.1                  Offer  letter from the Company to James A. Marcum
                               dated August 8, 2008

         10.2                  Employment  Agreement  by and between the Company
                               and James A.  Marcum,  effective as of August 18,
                               2008



                                   SIGNATURES

     Pursuant to the  requirements  of the  Securities  Exchange Act of 1934, as
amended,  the  Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.


                                            CIRCUIT CITY STORES, INC.
                                                   (Registrant)



Date:  August 18, 2008                      By: /s/ Reginald D. Hedgebeth
                                                -------------------------------
                                                Reginald D. Hedgebeth
                                                Senior Vice President,
                                                General Counsel and Secretary




                                  EXHIBIT INDEX


 Exhibit No.           Description

 10.1                  Offer  letter from the  Company to James A. Marcum  dated
                       August 8, 2008

 10.2                  Employment Agreement by and between the Company and James
                       A. Marcum, effective as of August 18, 2008