Circuit City Going Out of Business (in USA)

Image from source, Raw Story

It would be easy to point to Circuit City's failure as yet another sign of this crappy economy, and it is. But Circuit City always seemed like an anachronism to me, doomed to fail sooner or later. It will join other long-term retail chains that live only in our memories, like Service Merchandise, Good Guys, CompUSA, Woolco, Zayer. . . OK, some of those only live on in my memories. Anyway, I've visited Circuit City from time to time (once I moved to Las Vegas). But I couldn't tell you whether or not I've ever actually bought anything there.

Circuit City was the place you went to see how good a deal you could get elsewhere, like at Ultimate Electronics, Best Buy or Fry's. And--though this is just a gut feeling--Best Buy is starting to feel a little anachronistic too. Wonder how they're doing?

[Excerpt]

Circuit City to liquidate 567 stores

Electronics retailer Circuit City said Friday it would liquidate all its 567 US stores after failing to restructure the company, throwing the future of its 30,000 workforce into uncertainty. . .

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