responserelease.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing
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CIRCUIT CITY STORES, INC.

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CIRCUIT CITY SENDS LETTER TO WATTLES CAPITAL MANAGEMENT

Richmond, Va., April 4, 2008 – Circuit City Stores, Inc. (NYSE: CC) today announced that its lead director has sent a letter to Mark Wattles of Wattles Capital Management, LLC in response to his letter dated April 2, 2008.

The text of the letter is as follows:

April 4, 2008 
 
Mark J. Wattles 
Wattles Capital Management, LLC 
7945 W. Sahara Avenue, Suite 205 
Las Vegas, NV 89117 
 
Dear Mark: 
 
We have received your letter of April 2, 2008, in which you indicate that you would like to meet 
with the Circuit City Board of Directors or with its lead director to discuss your views regarding 
Circuit City. I will contact you to set a mutually agreeable time. 
 
It appears to me from your letter and certain other statements that you may not have a full 
understanding of the Company’s current strategy and challenges, and I think a conversation will 
help provide a better picture of those efforts and possibly facilitate a more productive dialogue 
between the Company and your firm. I also want to note that the company had previously 
reached out to you to set up a meeting following the year-end management quiet period or to 
listen to your concerns prior to our reporting date. 
 
It was a surprise to read that you would not permit the individuals you have proposed as 
nominees to the Company’s Board of Directors to meet with the Nominating and Governance 
Committee of the Board without imposing an unusual and unreasonable condition for such a 
meeting. Our practice is for the Committee to evaluate director nominees proposed by 
shareholders in the same manner it evaluates other prospective nominees. We believe this is a 
very standard and appropriate process. The Board strives to select for its membership highly 
qualified individuals who are dedicated to advancing the interests of the Company’s shareholders 
and actively seeks nominees who will bring diverse talents, experiences and perspectives to the 
Board’s deliberations. Certainly you would agree the Board has an obligation to its shareholders 
to thoroughly research and personally interview potential members. This is even more true given 
that your proposal to remove the entire Circuit City Board would, if adopted, give your nominees 
absolute control of the entire Board. 


I trust that we can resolve this point in a personal conversation, so that the Nominating and 
Governance Committee can meet the individuals you have nominated to the board, and separately 
look forward to the opportunity to meet with you. 
 
Sincerely, 
 
/s/ Mikael Salovaara 
 
Mikael Salovaara 
Lead Director 
Circuit City Stores, Inc. 


About Circuit City Stores, Inc.

Circuit City Stores, Inc. (NYSE: CC) is a leading specialty retailer of consumer electronics and related services. At February 29, 2008, the domestic segment operated 682 Superstores and 11 other locations in 158 U.S. media markets. At February 29, 2008, the international segment operated through 779 retail stores and dealer outlets in Canada. Circuit City also operates Web sites at www.circuitcity.com, www.thesource.ca and www.firedog.com.

Circuit City and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Circuit City in connection with the nomination described herein. Information regarding the special interests of these directors and executive officers in the nomination described herein will be included in any proxy statement filed by Circuit City in connection with the nomination. In addition, Circuit City files annual, quarterly and special reports, proxy and information statements, and other information with the Securities and Exchange Commission (the "SEC"). These documents are available free of charge at the SEC's web site at www.sec.gov or from Circuit City at http://investor.circuitcity.com. Investors should read any proxy statement filed in connection with the nomination described herein carefully when it becomes available before making any voting or investment decision.

###

Contacts:
Bill Cimino, Director of Corporate Communications, (804) 418-8163
Jessica Clarke, Investor Relations, (804) 527-4038
Patty Whitten, Investor Relations, (804) 527-4033

Kelly Sullivan / Jeremy Jacobs
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449