This is a discussion on Circuit City, files for bankruptcy protection within the Video Games & Electronics forums, part of the Non Wrestling Forums category; The No. 2 electronics retailer in America, Circuit City, filed for bankruptcy protection on Monday.
According to the company's Chapter ...
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The No. 2 electronics retailer in America, Circuit City, filed for bankruptcy protection on Monday.
According to the company's Chapter 11 filing with the U.S. bankruptcy court in Richmond, Virginia, Circuit City, which has 566 operating stores in the U.S., will continue to do business and pay its workers while it restructures debt and its business operations.
Times are still tough!
The company I worked for did the same thing, and some how are still around several years later. So maybe they still have a chance...
I just heard the Providence Place Mall is going bankrupt. I fucking wonder why. they don't have a store in that piece that I could buy something for under a hundred dollars.
But no.. the public are the idiots, right? It couldn't be that a place like that was never going to cut it no matter what they did??
Circuit City to close 155 stores, and possibly another 150 on top of that.
Quote:
While Circuit City has already announced plans to close 155 stores nationwide, a reliable industry source tells us that the company is looking to close another 150 stores—with that announcement possibly coming in as little as two weeks from now. As for which stores close, it'll be a simple question of which locations remaining have the worst profitability. Black Friday looks to be a large indicator of how this whole scenario will play out. More as we get it.
Timeline: How Circuit City Came Undone
Quote:
Bankruptcy is a time for reflection, we guess, so we put together a nice little time line of Circuit City's precipitous decline over the past 2 years. We begin our journey in March of 2007, when Circuit City announced that it was firing everyone who knew what 1080p meant so that they could hire cheaper labor...
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Hmm... is CC the store that sold all those gift cards and then wouldn't honor them? So, essentially you just bought a plastic card with a number on it?
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