Retail electronics giant Circuit City will close dozens of stores, mainly in Canada, and reshuffle management. The move comes as the company faces increased pressure from big chains like Wal-Mart and Best Buy. 62 Canadian stores will close along with 7 United States superstores. Circuit City will also close a distribution center in Louisville Kentucky.

Circuit City had cut its electronics prices in December to lure in customers. While that cut boosted revenues, it also caused a quarterly loss. Other stores, like Wal-Mart, also cut their prices and forced a price war.

As typical in such moves, upper management will get a reshuffle. Chief Merchandising Officer Douglas Moore will leave the company.