Friday, January 16, 2009

Circuit City throws in the towel

From Reuters:

Circuit City to liquidate, shutter stores

The remaining businesses in the Mervyn's shopping center are getting lonelier by the week.

Mervyns, Shoe Pavillion, and now Circuit City. I hope Lassen's is able to keep things going without the main anchor stores.

Still, this has to be good news for Best Buy. They were competing against an electronics retail chain that was busily unloading their warehouse with very low pricing.

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