Circuit City closed its doors earlier this year following a last ditch effort to stay afloat that just didn’t pan out. Some, such as the 35,000 or so people left without a job, were pretty sad to see the company go — there isn’t much competition these days as far as brick and mortar electronics …
…and over 35,000 folks prepare to start searching for a new job. So sad. This latest bit of bad news comes after Circuit City’s lengthy, and apparently fruitless, search for a buyer. The company has been trying to sell its assets for quite some time now. It seems, however, that faced with a ticking clock …
Black Friday is behind us now, thankfully, but that doesn’t mean the savings are going to stop any time soon. Electronics retail stores are hurting just like everyone else in today’s troubled times and as such, expect huge deals from the big boys in the weeks leading up to the holidays. Along those lines, Best …
Circuit City formally began the chapter 11 bankruptcy process earlier this month, announcing that it would be closing 155 stores by year-end as part of its reorganization. That isn’t however, going to stop the troubled retailer from making a big push during what is historically the busiest shopping weekend of the year. As brick and …
If the story of retail giant Circuit City was a book, Chapter 11 was a section it had certainly hoped would be skipped. Just one short week after news that the retail chain would be closing up shop in 155 of its locations, Circuit City has now announced that it will reorganize under Chapter 11 …
Plagued by sluggish sales and a dreadfully low stock price, Circuit City has been in a downward spiral. Last week it was a notice of non-compliance from the NYSE threatening to remove the listing because its stock has been sitting at well below $1.00 for more than a month. This week it is the inevitable …
We have to wonder if the culmination of Microsoft’s $300mm marketing endeavor will be a battle royale on Monday Night Raw or Pay Per View. Windows Gurus vs. Mac Geniuses in a cage match to the death. Not only would we totally be willing to buy that event on PPV, we guarantee that everyone on …
Too funny. Circuit City headquarters recently had a fit when it discovered that the latest issue of MAD Magazine, a publication that it offers in its retail stores, ran a spoof called “Sucker City”. The four-page feature pokes a bit of fun at Circuit City and apparently when some higher ups caught wind of it …
As the economy continues to decline and unemployment rates continue to rise, now is a tough time for everyone. Particularly tough perhaps, if a big part of your business involves selling luxury items like HDTVs. In times of economic crisis people most often forgo big ticket items such as plasma and LCD TVs and opt …
