Circuit City lost its battle with the recession early in the game and was forced into chapter 11 even after the initial closing of 155 poorly performing stores across the Midwest. With a lackluster showing of buyers to purchase existing leases and bleeding capital at the seams; no other choices were left but to close [...]
29
Jan
2009
Circuit City vs. Best Buy
Tags: Bankrupt, Best Buy, Circuit City, Closing, Commercial Real Estate, CompUSA, Job Loss, Recession, Unemployment