Circuit City, which entered Chapter 11 bankruptcy protection in November, announced on Friday that has taken steps, including filing papers with the Bankruptcy Court, to begin the process of liquidating assets.
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Circuit City this nation’s second biggest electronics retailer has filed for Chapter 11 bankruptcy protection. It’s being reported that up to 20% of its stores are slated to close.
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On Monday, Circuit City confirmed what was rumored on Sunday: they are going to close 155 stores. This is just more bad news for Circuit City; it was warned last week by the NYSE over possible delisting as a result of its stock price being below $1 as a 30-day moving average.
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Circuit City Stores, Inc. and IBM today announced a major expansion of their strategic relationship with a seven-year, $775 million Information Technology infrastructure services contract
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Lenovo today announced that select Lenovo PCs are now available for purchase in nearly 700 Circuit City stores across the U.S. and online at www.circuitcity.com
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You are standing in the aisle of a major electronics store trying to choose between a plasma or LCD flat-panel TV. They both seem impressive, but you are unsure which would offer greatest clarity in your living room. At Circuit City, soon you may no longer have to make an educated guess.
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