Circuit City Stores files for bankruptcy protection
November 10th, 2008 Leave a comment Visited 19 times, 1 so far today
Circuit City Stores files for bankruptcy protection
It was bound to happen. Circuit City Stores has now filed for bankruptcy protection.
The company had been struggling and just failed to survive against the competition from companies like Wal-Mart and Best buy.
The company recently said that they would close down 155 stores and fire 17% of their total workforce to cut costs.
Best Buy has said that they are considering buying stores from Circuit City.
bankruptcy, Best Buy, Circuit City, Circuit City Stores, Retail, Retail Segment, USA, Wal-Mart
Somanshu
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