Circuit City going Bankrupt Soon?
Circuit City(CC) is really losing ground on retail consumers as they are on the verge of being delisted from the stock market. I have to agree that I don’t remember the last time I went to Circuit City to buy something, especially since most of products are now cheaper online with some products having no tax.
I did, however, buy my 42″ DLP HDTV from Circuit City back in 2004, my last purchase there.
Circuit City might be hurting from BestBuy’s popularity over the last couple years. (I, for one, have never heard of BestBuy until couple years ago)
Circuit City is also trying to close most of their retail stores down and promote their online stores.
Well, at these hard economic times, Circuit City is going to need a miracle to avoid bankruptcy.
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