macnn.com - 12/9/2008
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Circuit City on Monday filed for Chapter 11 bankruptcy in a last-stage bid to remain in business. The move follows an already drastic step to shutter 155 stores and requires the retailer to reorganize the company and its finances to more readily pay back debts to its creditors, which ...
consumerist.com - 12/11/2008
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Thanksgiving week sales drop for 1st time
MacNN | The Macintosh News Network —
... says. Where sales during Thanksgiving week have typically grown significantly year over year and topped out at $2.2 billion in 2007, these sales actually dropped about 8.4 percent in 2008 to just over $2 billion for this year. The softened sales numbers are believed to stem both from less aggressive overall discounts as well as the failures of high-profile retailers, such as Circuit City and home theater-oriented outlet Tweeter. The poor economic situation triggered by the US housing crisis is partly blamed for the decline, though researchers at NPD explain the drop as part ...
Thanksgiving week sales drop for 1st time
Electronista | The Macintosh News Network —
... says. Where sales during Thanksgiving week have typically grown significantly year over year and topped out at $2.2 billion in 2007, these sales actually dropped about 8.4 percent in 2008 to just over $2 billion for this year. The softened sales numbers are believed to stem both from less aggressive overall discounts as well as the failures of high-profile retailers, such as Circuit City and home theater-oriented outlet Tweeter. The poor economic situation triggered by the US housing crisis is partly blamed for the decline, though researchers at NPD explain the drop as part ...
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Even after shutting down 155 retail stores and announcing plans to cut around 17% of its 43,000 employees, Circuit City couldn't avoid the dreaded bankruptcy court. Today, the Virginia-based company (along with 17 affiliates) petitioned for ...
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news.prnewswire.com 1/16/2009 — RICHMOND, Va. , Jan. 16 /PRNewswire-FirstCall/ -- Circuit City Stores, Inc. announced today that it will seek Bankruptcy Court approval to begin the process to liquidate the assets of the company. "We are extremely disappointed by this outcome. The ...
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i.gizmodo.com 3/9/2009 — Reader Sean sends in these photos taken outside his local Circuit City store in Almherst, as Best Buy 's Geek Squad pay their final respects to Circuit City. And by that, I mean they bought stuff. Sean tells us that the store was empty down to 3 ...
Circuit City
circuitcity.com 1/16/2009 — Due to challenges to our business and the continued bleak economic environment, Circuit City is going out of business and the company's assets will be liquidated to pay off creditors. The process was extremely difficult and we were left with no other ...
Circuit City says will liquidate assets
| U.S.
reuters.com 1/16/2009 — ATLANTA (Reuters) - Bankrupt retailer Circuit City Stores said on Friday it will liquidate its assets after it failed to reach a deal with creditors and lenders regarding a potential sale of the company. Circuit City, the second-largest U.S. specialty ...
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FierceDeveloper
iPhone owners have now downloaded more than 300 million mobile applications in the five months since computing giant Apple launched its App Store virtual storefront on July 11. Apple did not issue a formal press announcement to celebrate surpassing ...
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