Our thoughts and prayers go out to the people who were affected by Hurricane Katrina. Our donation is part of Circuit City's broader effort to help the victims recover.

New Orleans is my hometown, and our thoughts and prayers go out to everyone affected.

Our thoughts and prayers continue to go out to the victims of Hurricane Katrina. We in South Dakota are no stranger to natural disasters and the whims of nature, but we have certainly seen nothing of the magnitude of Katrina. Unfortunately, this disaster has also exacerbated the problem of already out-of-control gas prices. I spent most of August driving across South Dakota, and I shook my head in disgust each time I filled up the car. Now, following Hurricane Katrina, a bad situation has gotten worse.

Near term, we have seen a softening in our business, coincident with the onset of the war with Iraq. We believe the softening reflects consumer preoccupation with geopolitical events. It is too early, however, to understand the impact these events may have on results for the first quarter.

Continued strength of the consumer electronics and home office categories and the recent substantial weakness in major appliances accelerated our decision to reformat all existing superstores,

Although we had anticipated modest sales disruption related to our exit from the appliance business and the partial remodel of all stores, since the end of September, sales have softened significantly in virtually all product categories, including those not affected by the remodeling process,