Circuit City has been on the ropes for some time now. Recently they announced massive store shutdowns as well as in huge cutoffs of personnel. They were hoping to stop the bleeding and perhaps get the company back on track. But on Monday the number two US consumer electronics retailer decided that investors could take no more and filed for Chapter 11 bankruptcy. READ MORE
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Circuit City files for bankruptcy
Started by
Blake
, Nov 10 2008 07:28 AM
1 reply to this topic
#1
Blake
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- Retired Admin
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- 7,334 posts
Former Commander In Chief
Posted 10 November 2008 - 07:28 AM
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#2
GroovyDude
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- Sergeant Major
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- 597 posts
Sergeant First Class
Posted 10 November 2008 - 09:51 AM
It's been a long time coming. Like many other electronic stores, they were just too slow reacting to the changing markets.
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