Circuit City is no more... :-(

Circuit City filed bankruptcy last year and close a large number of their stores. Since then, they have been trying to come back from this by getting another company to bail them out by buying and refinancing their debt. Looks like now they given up hope. Last week, Circuit City announced that they would be closing all the remaining stores (about 567). If you remember, the store Comp USA had to do the same thing but they moved to an online website. Circuit City is not going to do the same but just fade away it seems. They are liquidating their stock with deals to sell everything out of store. I went to browse the first wave of these deals Saturday at the Hamburg shopping center in Lexington, KY and nothing is cheap enough yet to buy up. The worst thing about this, other than Best Buys not having any non-online competition is that there will be an estimated 30,000 jobs lost. In this current economy this is very bad!

Joe Davis