Free Republic

WHDH) — Former electronics giant Circuit City says it is making a comeback. Circuit City made the announcement at the Consumer Electronics Show, which is being held this week in Las Vegas, according to a CNBC report. The retailer will launch a retail website on Feb. 15, CEO Ronny Shmoel said.

Hoping to scoop up some last-minute deals from the soon-to-be-defunct retailer? Better hurry up, because Circuit City's final weekend is nigh. Just remember: buyer beware. The liquidators behind the massive Circuit City fire sale have announced that the remaining 567 stores will close for good on Sunday, March 8, at the end of the business day. So far, liquidators have sold off more than $1 billion in Circuit City's remaining inventory, according to CrunchGear, with "deeper discounts" expected through the final days. Those who've gone to take a long, last look at the remaining, tattered Circuit City stores have reported...

Circuit City will finally flicker out when its last 567 stores close this year, but the bankruptcy of the nation's second-largest electronics retailer will ripple across the U.S. economy for years. In its wake will be 18.71 million square feet of vacant space in a faltering real estate market. More than 40,000 workers will be jobless, including 7,000 laid off last year. Shopping centers will lose rental income. Suppliers will lose display space. Newspapers already struggling with falling ad revenues will have one less glossy insert in their Sunday editions. Circuit City is bigger by far than any other retailer...

Marked-down merchandise attracts throngs to L.A.-area stores as the bankrupt electronics chain prepares to close. Shoppers eager to grab their share of discounted plasma TVs and Blu-ray DVDs lined up in droves today as Circuit City stores began liquidating inventory. Bankrupt electronics retailer shutting down 567 U.S. stores, laying off 34,000 workers. By late morning, the line outside the Circuit City in Hollywood was almost 100 people long. Carlos Reyes, 24, and girlfriend Diana Anzora, 22, of Los Angeles, lined up to buy video games and DVDs. "We don't want to get anything too big," he said. "You don't want...

NEW YORK (CNNMoney.com) -- Bankrupt electronics retailer Circuit City Inc. said Friday it has asked for court approval to close its remaining 567 U.S. stores and sell all its merchandise. The company said it has 34,000 employees. "We are extremely disappointed by this outcome," James Marcum, acting CEO for Circuit City, said in a statement. "We were unable to reach an agreement with our creditors and lenders to structure a going-concern transaction in the limited timeframe available, and so this is the only possible path for our company." In a filing with the U.S. Bankruptcy Court for the Eastern District...

Circuit City Stores Inc. says it has reached an agreement with liquidators to sell the merchandise in its 567 U.S. stores after failing to find a buyer or a refinancing deal.

Bankrupt electronics retailer Circuit City Stores Inc., after failing to secure financing from its creditors and lenders, said Friday that it will liquidate, joining a list of other retailers like Linens N Things that set plans to fold their operations in the economic downturn.

Bankrupt Circuit City Stores Inc., the nation's second-biggest consumer electronics retailer, said Friday it failed to find a buyer and will liquidate its 567 U.S. stores. The closures could send another 30,000 people into the ranks of the unemployed. "This is the only possible path for our company," James A. Marcum, acting chief executive, said in a statement. "We are extremely disappointed by this outcome." The company had been seeking a buyer or a deal to refinance its debt, but the hobbled credit market and consumer worries proved insurmountable. The liquidation of Circuit City is the latest fallout from the...

Circuit City’s bankruptcy filing is causing concern among U.S. shopping center and mall property owners as they face the prospect of every Circuit City store turning into vacant space, Reuters reports (via Retailer Daily). The No. 2 consumer electronic retailer will continue to operate through the rest of the year, thanks to $1.1 billion of debtor-in-possession financing from existing lenders, led by Bank of America. However, that financing must be brought down to $900 million by Dec. 29, and Circuit City will be forced to use holidays sales proceeds to repay other outstanding loans. The liquidity will get them through...

Circuit City Stores Inc. filed for bankruptcy protection on Monday heading into the busy holiday season as analysts question whether the nation's second-biggest electronics retailer will be able to survive. The company said it decided to file for bankruptcy protection because it was facing pressure from vendors who threatened to withhold products during the holiday period. The company also said it cut 700 more jobs at its headquarters, after announcing a week ago that it would close 20 percent of its stores and lay off thousands of workers. Circuit City filed for Chapter 11 protection, which will allow it to...

NEW YORK (CNNMoney.com) -- Circuit City Stores Inc., the No. 2 electronics seller after Best Buy, filed for bankruptcy protection Monday, thus becoming the latest retailer hurt by a worsening economic downturn. According to the company's Chapter 11 filing with the U.S. bankruptcy court in Richmond, Va., Circuit City (CC, Fortune 500), which currently has 566 operating stores in the United States, will continue to do business and pay its workers while it restructures debt and its business operations. Circuit City said it decided to file for bankruptcy at this time to ensure that it would have "adequate merchandise flow...

Circuit City’s announcement Monday that it was closing 155 stores, or 21 percent of its 721 U.S. locations, and planning to start lease renegotiations for others, will be echoed by numerous retailers throughout 2009, with the total number of stores shuttered in the United States expected to double the figure predicted for this year. By the end of 2008, store closing announcements will total 6,100, according to an October forecast from ICSC. But that figure might reach 14,000 next year, according to industry insiders. Store closings are already projected to be up 25 percent in 2008 compared to 2007, according...

Circuit City plans to move ahead with closures of 155 stores, the Web site Consumerist.com reported Sunday, citing company sources. In addition, the troubled retail giant will withdraw from 12 U.S. markets. According to a letter obtained by the site, some employees have been told they will be let go Dec. 31. In addition, employees told the Richmond Times Dispatch newspaper that the company would announce Monday which stores will close. The store closings plan, then in the planning stages, was first reported last month by the Wall Street Journal.

RICHMOND, Va. (AP) — Ignoring Alfred E. Neuman's mantra of "What, me worry?," Circuit City Stores Inc. temporarily banished the irreverent MAD Magazine from its store's shelves for poking fun at the consumer electronics retailer. But the Richmond-based company said Monday "some overly sensitive souls at our corporate headquarters" had the August issue removed from the 40 Circuit City stores that sell magazines after seeing the four-page spoof of "Sucker City."

Blockbuster Inc, the No. 1 U.S. movie rental chain, said on Monday it has offered to buy electronics retailer Circuit City Stores Inc in an all-cash offer in the range of $6 per share to $8 per share Blockbuster said it made the offer in a February 17 letter to Circuit City's Chief Executive Philip Schoonover on behalf of Blockbuster's board, but that Circuit City had so far failed to provide due diligence. Blockbuster said it was making its proposal public, "because it believes the shareholders of Circuit City should have the opportunity to participate in determining the destiny of...

Blockbuster Plans to Take $1 Billion-Plus Cash Takeover Bid to Circuit City Shareholders DALLAS (AP) -- Blockbuster Inc. said Monday it will take an unsolicited $1 billion-plus bid for Circuit City Stores Inc. directly to the consumer electronics chain's shareholders, saying Circuit City has not responded to repeated offers.......

Walk into the Circuit City in my town, and you'll suddenly get a strange sensation. Look around...you're the only person there. Wait, someone must work here. Hello? Anyone? Then head over to Best Buy, which is packed with customers and ringing up sales.

Circuit City Posts Wider-Than-Expected 3rd-Quarter Loss, Shares Tumble RICHMOND, Va. (AP) -- Shares of electronics retailer Circuit City Stores Inc. lost nearly a quarter of their value Friday morning as investors reacted to a wider-than-expected loss driven by lower extended warranty sales and business interruptions the company blamed on ongoing restructuring efforts. "Clearly we are very disappointed," Chief Executive Philip Schoonover told Wall Street analysts during a conference call. Schoonover said the company underestimated the financial impact of cost-saving initiatives on sales. "Our current focus is to rebuild our selling culture," he said. The results came three days after larger...

Hello Everyone, I am looking to buy a new computer. I have been out of the market for about 5 years now and I am way behind on current tech. I would appreciate any and all advice on what to get. I have included the system I am currently contemplating below. (CybertronPC AMD Gaming PC – AMD Athlon 64 3800+, 1GB PC5400 (667MHz) DDR2, 250GB SATA II, DL DVD±RW, 2 Asus nVidia 7300GT 256MB Video Cards, Gigabit LAN, NO OS, Silver/Black X-Plorer, Speakers) Here is a list of my requirements: Must be below $1,500.00, Video for 2 monitors, DVD Burner,...

<p>Some sales reps at brick-and-mortar retailers convince PC purchasers to buy unnecessary store-made backups.</p> <p>When Ian Griffith of Queens, New York, purchased an HP notebook from a Circuit City store in Brooklyn earlier this year, the salesperson urged him to have the chain's in-store Fire Dog technicians create Windows XP recovery discs in case Griffith needed to reinstall the OS.</p>