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Circuit City Files for Bankruptcy

Nov 12th, 2008 | By Christian Hill | Category: Financial News

Circuit City (CC) made it official on Monday and filed for bankruptcy. Only a week ago, the company announced it would close 155 stores that were underperforming. On September 29, the company reported a third-quarter loss of $239 million, which was three times larger than the loss for the same quarter a year ago.

Tags: BBY, Best Buy, CC, Christian Hill, Circuit City, consumer spending, Economic Slowdown, Luxuries, Wal Mart, WMT
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