This isn’t good news. Rumors have been circulating for awhile and now it looks like it is true. Circuit City will be shuttering 155 stores, perhaps even before the big Black Friday shopping day after Thanksgiving. Circuit City has been limping through financial woes for some time now and by all accounts some changes were inevitable. The New York Stock Exchange had actually put Circuit City on notice because the stock price was trading so low. But it seems like not even the hope of high volume Christmas sales will help keep some stores from closing. Apparently we’ll hear which locations sometime tomorrow.
UPDATE: Here’s a link to the store closings from The Consumerist.