Circuit City announced Monday (Nov. 3) that it would be closing 155 stores, including all 13 locations in the Phoenix market. The two Tucson locations of the electronic retailer are to remain open.

The company has decided to keep the remaining 566 stores open in an effort to liquidate assets and restructure operations to avoid going into bankruptcy. Circuit City also plans to renegotiate leases and cut back on opening new stores.

“We evaluated our stores…and elected to close those that were underperforming or were no longer a strategic fit for the company,” Clarke said.

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Going into the holiday season, there is little chance for stores on the chopping block to remain open if they happen to outperform expectations.

“It’s pretty much cut and dried at this point,” said Investor Relations Spokeswoman Jessica Clarke, who added that the Tucson locations were performing to the company’s standards, saving them from closure.

Although the Phoenix stores won’t close their doors immediately, the locations in the central Arizona area have been taken off the company’s website the morning of the announcement.

Georgia, California, Illinois and Ohio are also seeing wide store closings.

Circuit City has locations at Broadway and Craycroft Road and at Oracle and Wetmore roads.