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Nov 11, 2008, 07:50 AM
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#1 |
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DriverHeaven Extreme Member
Join Date: Apr 2004
Posts: 7,275
Rep Power: 89   |
Circuit City Files Chapter 11
It shouldn't have come as a surprise: Circuit City has been struggling for some time, and just last week it announced it was closing 155 stores and laying off thousands. On Monday, it announced it had entered Chapter 11 bankruptcy protection, which would allow it to continue operating its stores through the all-important holiday season.
____________ Source: Tech-Ex |
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Nov 11, 2008, 07:54 AM
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#2 |
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SE7EN57
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Re: Circuit City Files Chapter 11
With the Economy in a drout and the heat from Best Buys I knew this was bound to happen. Most people shop online now and I can see why retail outlets are struggling to keep up but the truth of the matter is why pay more when you don't have to.
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Nov 11, 2008, 03:38 PM
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#3 |
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HardwareHeaven Addict
Join Date: Jun 2007
Location: Chicago, IL
Posts: 348
Rep Power: 34 |
Re: Circuit City Files Chapter 11
I actually expected this to happen back in the late 90's after Circuit City's failed attempt to compete with DVD's. DivX anyone?
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