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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."

3 of 574 comments (clear)

  1. Re:Guide To The Barack Obongo Presidency by BluenoseJake · · Score: 0, Offtopic

    Holy fuck, I just don't know what to say...other than only an AC would post something so intensely offensive.

  2. Re:Guide To The Barack Obongo Presidency by netruner · · Score: 0, Offtopic

    I ask this only because I so rarely see something so offensive here: Doesn't /. have an abuse reporting mechanism? I would never advocate removing posts that were controversial, but this is not such a post. This is unrelated to the topic at hand, obviously intended to be inflammatory and really has no place here.

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    DISCLAIMER: This post was not checked for speling and grammar- if you complain- you're a whiner
  3. Best Buy HQ not in Minneapolis! by shuz · · Score: 0, Offtopic

    Best Buy is headquartered in Richfield, MN at the intersection of 494 and 35W. I hate how everything that happens in or is from Minnesota is labeled as either in the "Twin Cities" or in "Minneapolis".

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    There is or can be built a machine that can simulate any physical object. -Church-Turing principle