Circuit City Files For Bankruptcy

WillDraven is just one of many who writes to tell us that Circuit City, the United States' 2nd largest consumer electronics retailer, has filed for bankruptcy under chapter 11. This news comes as no surprise as the company has been in financial trouble, recently announcing that it will be closing over one fifth of its stores and laying off 17% of its US employees in the process. "Larger rival Best Buy, which is based in Minneapolis, has said it might take over stores that distressed rivals close. Yet a flood of discounted merchandise from liquidating Circuit City stores could hurt Best Buy during this holiday shopping season, said Jefferies & Co analyst Dan Binder."

Comments

Re:Weak

[eldavojohn]

I might be crazy, but it was always so dark in their stores. Maybe that was to enhance the rest of the lighting.

It's called a target market. They were catering to the goth market that was alienated by positive, well lit, bright blue, khaki wearing Best Buy employees.

You didn't notice the nipple rings and dark eye shadow being "standard flare" for Circuit City's uniforms? What about their efforts to exclusively offer The Crow on Blu-Ray or the Circuit City brand razor blade impulse aisles?

Re:La Source

[archen]

And on that note, Radio Shack survives Circut City. Totally bizarre that nothing seems to kill that chain. I'm starting to think that if there is a nuclear war, I may just run to radio shack since they seem to strangely survive everything without rhyme or reason.

Re:I can't bring myself to have much pity for them

[Paradise Pete]

And BTW, just where in the United States is it illegal not to have ID on you?

I once visited the Creation Museum and got some ID on me. Fortunately it scrubs off.