Does Circuit City Need Bailout too?
By live crunch at 10 November, 2008, 9:59 am
My 2nd favorite store is Circuit City and just this morning according to WJS they are filing for Bankruptcy protection. You would think that companies like that make tons of money (and they do) will never crash or get to the point of filing for bankruptcy well sometimes they have to . After $3.4 billion of assets and $2.3 billion of debts they sure need some money protection. I can see lots of layoffs soon!
So far they did close 20% of their stores acc. to AlleyInsider
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