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Circuit City Stores, Inc. Reports Record September Sales

6 October 1999

Circuit City Stores, Inc. Reports Record September Sales For the Circuit City Group and the CarMax Group

    RICHMOND, Va., Oct. 6 -- Circuit City Stores, Inc. today
reported September 1999 sales for the company, the Circuit City Group
and the CarMax Group .

    Circuit City Stores, Inc.
    For the month, total sales for Circuit City Stores, Inc. rose 16 percent
to $933.8 million from $806.5 million in September 1998.

    Circuit City Group
    Total sales for the Circuit City Group were $771.2 million, which
represents an 11 percent increase from September 1998 sales of $694.0 million
and a 6 percent increase in comparable store sales.
    "September's results were in line with our expectations and reflect an
especially strong prior year comparable store sales increase of 11 percent,"
said Richard L. Sharp, Circuit City's chairman and chief executive officer.
"We continued to see healthy sales growth across virtually all our major
categories."

    CarMax Group
    Total sales for the CarMax Group were $162.6 million, which represents a
45 percent increase from September 1998 sales of $112.5 million and a 2
percent increase in comparable store sales.
    "The CarMax sales results reflect a continuation of the trends we saw
through much of the summer, including continued strong new-car sales," said
Sharp.  "Hurricane Floyd significantly affected CarMax's sales as many of the
East Coast stores were closed for varying periods of time surrounding the
storm and consumers in these and other trade areas focused on the storm's
impact."
    On September 1, CarMax opened a used-car superstore in Duarte, Calif.
    Circuit City is a leading national retailer of brand-name consumer
electronics, personal computers, major appliances and entertainment software.
CarMax is the nation's leading specialty retailer of used cars and a rapidly
growing new-car retailer.  With headquarters in Richmond, Va., Circuit City
Stores, Inc. currently operates 551 Circuit City Superstores, two consumer
electronics-only stores, 45 mall-based Circuit City Express stores and 37
CarMax locations, including 32 used-car superstores and 20 new-car franchises.
    This release may contain forward-looking statements, which are subject to
risks and uncertainties, including, but not limited to, risks associated with
the development of new business concepts and risks associated with year 2000
issues.  Additional discussion of factors that could cause actual results to
differ materially from management's projections, forecasts, estimates and
expectations is contained in the company's SEC filings.