It was reported today that Circuit City has filed for bankruptcy protection. This appears to be the last resort in a series of troubled events over the last few months. The CFO, Bruce H. Besanko, claimed three contributing factors: erosion of vendor confidence, decreased liquidity and the global economic crisis.
I polled my car pool partner, let’s call him Mac, today on what he thought about Circuit City. He said that he didn’t have any bad impressions of Circuit City. In fact he could specifically remember a few of their advertising campaigns on price matching. But at least for Mac, the location of the local Circuit City was not as …Continue reading >>
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