sigrist_2000 Posted October 20, 2008 Share Posted October 20, 2008 ill have to search to see which stores are to close (which i dont think they have released those yet)...but lets hope they wait until after black friday to do so... link:http://www.foxbusiness.com/story/markets/industries/retail/report-circuit-city-shut-stores-cut-jobs/ cut and paste: Report: Circuit City to Shut Stores, Cut Jobs Circuit City (CC: 0.35, -0.04, -10.25%), the second largest electronic retailer by sales, plans to cut thousands of jobs and close at least 150 stores, according to The Wall Street Journal. Circuit City would make these cutbacks instead of filing for bankruptcy-court protection, according to people familiar with the matter. However, earlier this month the company retained the law firm Skadden, Arps, Slate, Meagher and Flom LLP as its bankruptcy counsel. This firm oversaw Kmart’s Chapter 11 reorganization several years ago. FTI Consulting was also retained by Circuit City to assist in the development of a turnaround plan and to help secure emergency financing with banks, according to the Journal. Circuit City has also explored liquidation options recently, and is investigating how much money could be raised from selling millions of dollars worth of inventory, according to the Journal. Circuit City is particularly trying to avoid bankruptcy before the holiday season for fear that customers might worry about warranty guarantees on items like flat screen TVs and Laptops, according to the Journal. The company, which hasn’t had a profitable quarter in over a year, employs 45,000 people and has been in business for 59 years. Link to comment Share on other sites More sharing options...
elena_398 Posted October 20, 2008 Share Posted October 20, 2008 Is there a list of stores that is closing? Anyone find anything? I hope its not mine. (ohio- belden village in North canton, Ohio) Link to comment Share on other sites More sharing options...
wnielsen1 Posted October 21, 2008 Share Posted October 21, 2008 The actual Wall Street Journal article stated that they were considering a plan, not that it was a done deal. Link to comment Share on other sites More sharing options...
DramaQueenLucy Posted October 21, 2008 Share Posted October 21, 2008 Circuit City Faces Bankruptcy or Closing Up To 150 Stores http://news.yahoo.com/s/nf/20081020/bs_nf/62519 Link to comment Share on other sites More sharing options...
sigrist_2000 Posted November 3, 2008 Author Share Posted November 3, 2008 well i guess we will officially know somethign tomorrow...so goes the word online other places....apparently someone had some time to find out to search their local area by zip code on circuitcity's website store locator and put in the zip of ur area and search the stores..some are missing from the area list and they think those are the ones to close.... if this is true...Grove City,Oh with ur brand spanking brand new shiny gem store (ok so it isnt that new, but is the newest of stores around here...lol)isnt in the store directory as of an hour ago......sawmill, brice, easton, and polaris are still there tho Link to comment Share on other sites More sharing options...
Brad Posted November 3, 2008 Share Posted November 3, 2008 interesting, i see 1 of the 4 around here no longer shows up Link to comment Share on other sites More sharing options...
nikkilugi Posted November 3, 2008 Share Posted November 3, 2008 Wowsa this is the message I got when I put in the zipcode for the current store in OPKS : We're sorry; there are no Circuit City stores within 100 miles of OVERLAND PARK, KS 66213 - I didn't shop there much but I don't like the thought of not having the option and just having Best Buy here in the metro KC area as the main electronics store. Link to comment Share on other sites More sharing options...
Brad Posted November 3, 2008 Share Posted November 3, 2008 details from consumerist: http://consumerist.com/5074161/breaking-circuit-city-closing-155-stores Link to comment Share on other sites More sharing options...
debbieshops2003 Posted November 3, 2008 Share Posted November 3, 2008 Hey....my store isn't showing up online. I thought I spent enough there to keep them open. I like Circuit City. And we were supposed to be getting a new one. I wonder what will happen with that?!?! Link to comment Share on other sites More sharing options...
elena_398 Posted November 3, 2008 Share Posted November 3, 2008 My store IS still showing up. I shop there more than Best Buy so Im glad so far they are staying open (although there is never anyone there ) Link to comment Share on other sites More sharing options...
Lidstrom Posted November 3, 2008 Share Posted November 3, 2008 http://money.cnn.com/news/newsfeeds/articles/apwire/cf56edc7fc10b5198c3f6f8de965091a.htm That's a link to a list of store closings. Looks like everything in Georgia is going away. Liquidation sales start Wednesday 11/5. Link to comment Share on other sites More sharing options...
brandibug Posted November 3, 2008 Share Posted November 3, 2008 This link has a little mroe detailed list, with addresses and not just cities listed:http://gizmodo.com/5074947/the-complete-list-of-dead-circuit-city-stores Link to comment Share on other sites More sharing options...
ajogg Posted November 3, 2008 Share Posted November 3, 2008 http://money.cnn.com/news/newsfeeds/articles/apwire/cf56edc7fc10b5198c3f6f8de965091a.htm That's a link to a list of store closings. Looks like everything in Georgia is going away. Liquidation sales start Wednesday 11/5.From their website it looks like the only 2 that will stay open are the Rome and Columbus stores. Link to comment Share on other sites More sharing options...
leefamily23 Posted November 4, 2008 Share Posted November 4, 2008 This is a shame, looks like our local CC is being saved. Link to comment Share on other sites More sharing options...
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