21
Oct
2008

Circuit City to close a lot of stores

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circuit-cityOk, that’s the latest news riding the Internet during these very hours. It looks like Circuit City is considering shutting a lot of its store (as many as 150 according to The Wall Street Journal) to avoid bankruptcy. An eventual filing would make Circuit City the largest retailer to enter bankruptcy protection in several years. “The management team, board of directors, and its strategic financial advisers are conducting a comprehensive review of all aspects of our business to determine the best methods of accelerating our turnaround,” Circuit City spokesman Bill Cimino told the Wall Street Journal. If you want to know more read the full news at Marketwatch.com.




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