SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                    Form 8-K


                                 Current Report


                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934


        Date of Report (Date of earliest event reported): March 29, 2004
                                                          --------------



                            CIRCUIT CITY STORES, INC.
             (Exact name of registrant as specified in its charter)


                                    Virginia
                                    --------
                         (State or other jurisdiction of
                         incorporation or organization)


        001-05767                                     54-0493875
        ---------                                     ----------
       (Commission                                 (I.R.S. Employer
        File No.)                                 Identification No.)


                  9950 Mayland Drive, Richmond, Virginia 23233
                  --------------------------------------------
               (Address of principal executive offices) (Zip Code)




                                 (804) 527-4000
              (Registrant's telephone number, including area code)

                                       N/A
          (Former name or former address, if changed since last report)









ITEM 12.  RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

On March 29, 2004,  Circuit City Stores,  Inc. issued a press release announcing
its  adoption  of  the  fair  value   recognition   provisions  for  stock-based
compensation in accordance with Statement of Financial  Accounting Standards No.
123,  Accounting  for  Stock-Based  Compensation,  as amended  by SFAS No.  148,
Accounting for Stock-Based Compensation - Transition and Disclosure.

The following is filed as an Exhibit to this Report.

Exhibit No.       Description of Exhibit
99.1              Press release issued March 29, 2004















                                    SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the  registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                            CIRCUIT CITY STORES, INC.



                            By:  /s/Philip J. Dunn
                                 -----------------------------------------------
                                 Philip J. Dunn
                                 Senior Vice President, Treasurer,
                                 Corporate Controller and
                                 Chief Accounting Officer



Date:    March 29, 2004









                                  EXHIBIT INDEX


The exhibit listed in this index is being furnished  pursuant to Item 12 of Form
8-K and shall not be deemed "filed" for purposes of the Securities  Exchange Act
of 1934, as amended,  or incorporated by reference into any document filed under
the Securities  Act of 1933, as amended,  except as shall be expressly set forth
by specific reference in such filing.


Exhibit No.       Description of Exhibit
99.1              Press release issued March 29, 2004