Saturday, November 8, 2008

Circuit City in fight for survival, to close 155 stores

Posted by pharaoh62@gmail.com at 1:36 AM

Circuit has announced that it intends to close some 155 of its 721 US outlets in a desperate move to staunch the flow of red ink from the company's coffers. The announcement comes as no surprise—the company lost $162.7 million in the second quarter of this year—but it's further evidence that the "other" retail electronics company may be joining CompUSA in the choir invisible.arstechnica.



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