News Section Logo NEWS - Return to news section


Circuit City Rumor Comes True

Posted by: , 07:22 AEDT, Wed November 5, 2008

Permanent Link     Add Comments
submit to reddit
Due to hard economic times and falling stock prices, Circuit City has no choice but to shut down over a hundred stores

Circuit City was in financial ruin last month and rumors started flying around that they were thinking of closing up to 100 hundred stores.  Those rumors have turned out to be true as they officially made the announcement that they have decided to show down 155 stores in the coming months.

Unfortunately for the employees, Circuit City has stated that transferring to a different store is not an option.  The selected stores will close before the end of this year.  If you live near a Circuit City, I'd keep a real close eye on it as they will be having great deals trying to shed excess inventory.


Related News:

News Icon Circuit City to Close 150 Stores

posted by: Jonathan M, 07:49 AEDT, Tue October 21, 2008

News Icon Black Friday in High Definition

posted by: Jonathan M, 07:08 AEDT, Sat November 17, 2007

News Icon Fact or Fiction

posted by: Jonathan M, 07:09 AEST, Sat October 21, 2006

News Icon Blockbuster Backs out of Circuit City Purchase

posted by: Jonathan M, 06:21 AEST, Thu July 3, 2008

News Icon Just the Edge HD-DVD Needed

posted by: Jonathan M, 04:17 AEDT, Thu November 8, 2007