Circuit City closing 150+ stores - link to store list inside.

Illinoisguy1 · 03 Nov 08 :: 18:11

http://consumerist.com/5074854/complete … ity-stores

Story here.
http://consumerist.com/5074161/breaking … 155-stores

One by me is closing, so hopefully there will be some good bargains.

Illinoisguy1 · 03 Nov 08 :: 18:16

TheCentralScrutinizer · 03 Nov 08 :: 18:19

Yep, the one closest to me is closing too. But I haven't set foot in that store in years. I usually go to Best Buy. Though I really don't buy that many DVDs.

Illinoisguy1 · 06 Nov 08 :: 09:20

According to another site everything is now 10 to 30 percent off in the stores closing. DVDs are 20% off at this time.

I'll probably wait another week or two before I check it out. Likely the percentage off will be better as time goes by.

Illinoisguy1 · 10 Nov 08 :: 16:40

CC has filed for Bankruptcy

http://www.msnbc.msn.com/id/27641634/

NEW YORK - Circuit City Stores, the nation's second-biggest electronics retailer, filed for bankruptcy protection Monday but will stay open for business as the holidays approach.
It filed under Chapter 11 of the bankruptcy code, which will allow it to hold off creditors and continue operations while it develops a financial reorganization plan.
The Richmond, Va.-based retailer has been struggling as nervous consumers spend less and credit has become tighter. The announcement came a week after it said it would close 20 percent of its stores and lay off thousands of workers.
The company said it decided to file because it was facing pressure from vendors who threatened to withhold products during the busy holiday shopping season.
Circuit City said it had secured $1.1 billion in loans to provide working capital while it is in bankruptcy.
It had $3.4 billion in assets and $2.32 billion in liabilities, as of Aug. 31.
Circuit City Stores Inc. announced a week ago it planned to close 155 of its more than 700 U.S. stores by Dec. 31. The stores are spread throughout 28 states, including multiple locations in areas like Phoenix and Atlanta. It is laying off about 17 percent of its domestic work force, which could affect up to 7,300 people.

Illinoisguy1 · 16 Jan 09 :: 20:42

Kind of knew this was coming.

Circuit City is closing down all remaining stores.

Bankrupt electronics retailer Circuit City Inc. said Friday it has asked for court approval to close its remaining 567 U.S. stores and sell all its merchandise.
The company said it has 34,000 employees.
"We are extremely disappointed by this outcome," James Marcum, acting CEO for Circuit City, said in a statement. "We were unable to reach an agreement with our creditors and lenders to structure a going-concern transaction in the limited timeframe available, and so this is the only possible path for our company."
In a filing with the U.S. Bankruptcy Court for the Eastern District of Virginia, Circuit City - the No. 2 electronics retailer after Best Buy (BBY, Fortune 500) - said it had reached an agreement with four companies to start the liquidation process.
The company said the sale would begin Saturday and run until March 31, pending court approval.
The retailer's Web site and call center will cease to operate after Jan. 18.
Circuit City said employees will receive 60 days notice of the termination.
Employees who are laid off earlier will get pay and benefits for the 60-day period beginning Friday, the retailer said.
Those who remain with the company to assist with the liquidation, will receive pay and benefits.
Circuit City also operates about 765 retail stores and dealer outlets in Canada. The company said its Canadian operations, which employ 3,000 workers, will continue to operate.

http://money.cnn.com/2009/01/16/news/co … 2009011612

b11001001 · 22 Feb 09 :: 20:53

Yesterday I bought a few DVDs and waiting in line I thought I was going to faint! The line was huge and it took forever. But I'm still sad that they are closing since I've thought they've always had a good selection and prices.

Chris Marquette Message Board

#1 03 Nov 08 :: 18:11

Circuit City closing 150+ stores - link to store list inside.

#2 03 Nov 08 :: 18:16

Re: Circuit City closing 150+ stores - link to store list inside.

#3 03 Nov 08 :: 18:19

Re: Circuit City closing 150+ stores - link to store list inside.

#4 06 Nov 08 :: 09:20

Re: Circuit City closing 150+ stores - link to store list inside.

#5 10 Nov 08 :: 16:40

Re: Circuit City closing 150+ stores - link to store list inside.

#6 16 Jan 09 :: 20:42

Re: Circuit City closing 150+ stores - link to store list inside.

#7 22 Feb 09 :: 20:53

Re: Circuit City closing 150+ stores - link to store list inside.

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