Circuit City Files For Bankruptcy

I really don’t see much of a future for Circuit City. If it’s filing for Chapter 11 bankruptcy, replacing CEOs, closing stores and losing cash, explain to me how the company is supposed to survive. Says Bloomberg:

On Sept. 29, Circuit City reported a loss of $239.2 million that was more than triple from a year earlier after sales fell for the sixth straight quarter.

The end is near for Circuit City. I’m guessing that by 2010, the company will fold completely and this part of our lives will be over and several thousand people will be out of jobs. Blame the economy and shitty customer service is what I thinks.

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2 comments

  1. To those folks that lost their jobs at Circuit City…Time to hit the employment sites!

    http://www.linkedin.com (professional networking)
    http://www.indeed.com (aggregated listings)
    http://www.realmatch.com (matches jobs based on your skills)

    Good luck!

  2. Yeah this pretty much bites. I am one of those 35,000 people. To tell you the truth, Circuit City did it to themselves. We did suck. But now I am out of a job in a failing economy.

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