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Circuit City files for bankruptcy
Engadget —
... 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 Chapter 11 protection ...
Yikes: Circuit City files for Chapter 11 bankruptcy protection
CrunchGear —
Adios, Circuit City. You will be remembered forever as a not-good-enough version of Best Buy (even though Best Buy is pretty suspect, too.)
Yes, Circuit City has officially filed for Chapter 11 bankruptcy protection. It did so last week, when we were busy talking about store closings and fake sales.
It is, I think, the biggest tech-realted failure (if that’s the right word to use) of the current economic downturn.
Be sure to watch its stock price this morning.
Circuit City files for bankruptcy as creditors circle
SlashGear —
... Circuit City has filed for Chapter 11 bankruptcy protection, in a move to reduce pressure from suppliers and in what could be a final, last-ditch attempt to ride out the ongoing credit crisis. The company, which is the number two electronics retailer in the US, ...
Circuit City has filed for Chapter 11 bankruptcy
Technology: Technology blog | guardian.co.uk —
... had only just announced plans to close 155 stores and shed 17% of its US workforce, but it now needs protection from creditors in order to continue its turnaround efforts. Today, Reuters reports: "The retailer and 17 affiliates filed for Chapter 11 protection from creditors with the U.S. bankruptcy court in Richmond, Virginia, where it is based." The story says: ...
Circuit City files for bankruptcy; bargain hunters, beware
Yahoo! Tech Advisors —
... Just a week after announced it would shutter 155 stores and shed 17 percent of its workforce, the big-box retailer files for Chapter 11 bankruptcy protection. But if you're thinking it's a great time to snap up some bargains, think again. Reuters reports that Circuit City Stores Inc. filed for bankruptcy Monday morning, a little more than two weeks before the holiday shopping season officially kicks off. For now, Circuit City is still looking to recover by restructuring its operations, so don't declare the electronics chain dead quite yet; that said, its stock was trading at ...
Circuit City Files Chapter 11
Gear Live —
... Tags: bankruptcy (T), chapter 11 (T), circuit city (T), credit (T), electronics (T), jim marcum (T), retailers (T)
Read More | Reuters
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