Circuit City to Close all stores

[OutHouse]

http://money.cnn.com/2009/01/1...ompanies/circuit_city/



NEW YORK (CNNMoney.com) -- Bankrupt electronics retailer Circuit City Inc. said Friday it has asked for court approval to close its remaining 567 U.S. stores and sell all its merchandise.

The company said it has 30,000 employees.

"We are extremely disappointed by this outcome," James Marcum, acting CEO for Circuit City, said in a statement. "We were unable to reach an agreement with our creditors and lenders to structure a going-concern transaction in the limited timeframe available, and so this is the only possible path for our company."

*EDIT* repost
Off Topic Moderator FoBoT

 

[CRXican]

3rd post asshat

already had a thread merge and it's on page one

 

[OutHouse]

Originally posted by: CRXican
3rd post asshat

already had a thread merge and it's on page one

asshat? whats that?

 

[xanis]

Repost, but since you provided an actual article from a credible source, it's all good. 😛

Not really a problem for me. I haven't bought anything in a B&M electronics store in a long-ass time. Nothing in them is really worth the hassle and price difference. Can't really say that I'm too sad to see CC go, though I did like them a lot better than BB.

 

[chuckywang]

So I should use my Circuit City gift card immediately?

 

[xanis]

Originally posted by: chuckywang
So I should use my Circuit City gift card immediately?

Yes, go RIGHT NOW. All stores are closing tomorrow. 😛