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Circuit City Files for Bankruptcy

The woes continue for Circuit City. After planning to close 155 stores and firing 20% of their workforce in recent moves to keep alive, they have just filed for Chapter 11 bankruptcy protection in Richmond, VA. No word on what this all means going forward, obviously, but it doesn’t look like good times ahead.

Via Bloomberg

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One Comment

  1. Eve

    11/10/2008 at 5:11 pm

    I hope Circuit City will find a way to stay afloat. I often get better deals there than at Best Buy.


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