CircuitCity Gets Closer and Closer to Failure
Posted October 8th, 2008 by Alex Ion
I don’t think there are many people not aware of the global financial crisis, but it looks like not only the banks and financial institutions go down. CircuitCity is closer and closer to failure, with the stocks dropping below 50 cents per share, disappointing results, including a worse-than expected holiday season and a failed deal with Blockbuster earlier this year.
What’s that going to mean for us? Even though I’m not a fan of them, I must say that more big players on the market means better prices for us. That’s about to change if CircuitCity is going under. I wonder if that’s why they’ve been calling it the “Circuit Shitty” by now. I’m afraid they will see a serious decline in cash on hand and credit facilities … - via CePRO
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October 13th, 2008 at 9:14 am
Good, about time! Those guys bought out ‘RadioShack’ in Canada and renamed it ‘The Source’ and ruined one of my favourite electronics store. While I grieve the loss of some companies (like the ones that used to make Animal Crackers, that one is closing apparently), I won’t miss CircuitCity at all!