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Circuit City

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bloomberg.com - 11/11/2008

Circuit City's $1.1 Billion Bankruptcy Loan Buys It More Time

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Circuit City's $1.1 Billion Bankruptcy Loan Buys It More Time By Dawn McCarty and Mark Clothier Nov. 11 (Bloomberg) -- Circuit City Stores Inc. , the consumer electronics chain that filed this year's biggest retail bankruptcy, arranged $1.1 billion in financing that gives the 59-year-old company ...

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hdguru.com - 11/7/2008

Circuit City Liquidation Sale Price Switch-Can You Beat It or Will It Beat You?

— hdguru.com — Addendum Circuit City’s posted “current” price in a “closeout” store is not the same as Circuit City... really charges (at its own website) for the same product. It is tagged significantly higher with five out of five TVs surveyed! The HD Guru priced ... (more) Circuit City Liquidation Sale Price Switch-Can You Beat ...

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Circuit City

Comments vote downundo vote up Gizmodo found this 11/7/2008found this

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online.wsj.com - 11/10/2008

Circuit City Files for Bankruptcy

— online.wsj.com — Troubled electronics retailer Circuit City Stores Inc. filed for Chapter 11 bankruptcy Monday in an effort to... stay ahead of lenders owed $898 million. With going-out-of-business sales already in full swing at about 20% of its outlets, the nation's ... (more) Circuit City Files for Bankruptcy

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Circuit City

Comments vote downundo vote up Silicon Alley Insider found this 11/10/2008found this

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consumerist.com - 11/11/2008

Circuit City Liquidator Demonstrates Its Ability To Do Math [Circuit City Death Watch]

— consumerist.com — Reader Scott went to the closing Circuit City in Oklahoma City and found that there weren't many... deals to be had. He also noticed that Circuit City's liquidator seems to be having a problem... (more) Circuit City Liquidator Demonstrates Its Ability To Do ...

Circuit City

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Circuit City Gets A Loan, Lives To Fight Another Day [Circuit City Death Watch]
Consumerist — [image] Circuit City has secured a loan from Bank of America that will pay for its operating expenses until it emerges from bankruptcy next year, says Bloomberg. This financing gives CC a new lease on life Yes, we may yet see the bankrupt retailer rise from the ashes to continue its proud tradition of ignoring customers who are standing at the register. [ Bloomberg ] (Photo: ...

Circuit City Gets a New Lease on Life (Literally) [Circuit City]
Gizmodo — ... Still, will Circuit City use this second chance to make amends like near-death experience survivors normally do, or will it simply relapse into another black hole suckage, so we'll get to do this dance all over again next year? I hope they pull it out, personally—their new releases are always at least a buck or two cheaper than Best Buy, and I can stand being ignored for five minutes to save a dollar. [Bloomberg via ...

Good news and bad news for Circuit City
CrunchGear — Circuit City has a lot to be thankful for this Thankgiving after a $1.1 billion dollar loan from Bank of America. That amount should cover operating expenses and take care of inventory concerns over the holiday season. In addition to yesterdays bankruptcy, Circuit City owes HP and Samsung, among the rest of the debt, over $2.3 billion - $119 million to HP and $117 million to Samsung. Samsung and HP are even considering withdrawing its wares from Circuit City’s shelves after yesterdays fillings. Maybe after this loan though, you will still be able to buy ‘em for a bit longer. The question then ...

Samsung: Hey Circuit City, Where the Hell Is Our $74 Million? [Circuit City Is Toast]
Gizmodo — ... In a bankruptcy court filing, Samsung said it believes "that Circuit City Stores was insolvent at the time it received the goods," and has requested twice that it return $74 million worth of merch shipped between Sept. 21 and Nov. 4. Even if Circuit does pay up or return this set of goods, if it were dealing with mob bosses instead of corporations, it'd still probably get its legs broken—Bloomberg reported it actually owed Sammy over $116 million all told, plus $119 million to HP. So that ...