another one bites the dust

If they don't stop the unemployment rate from increasing you are going to see a lot more of them go under too. If the unemployment trend continues any company that doesn't sell something we can't survive without will be in danger of going under. I have said this over and over and no one would pay any attention. For some time now far too much of our economy was being supported by junk items. By junk I mean anything we really don't have to have to survive. I said at some point we were going to get into a situation where we won't be able to afford all the junk and it will crash our economy. That is exactly what you are seeing right now. We are a long ways from the bottom of this thing. We are in an endless circle that is steady growing and feeding on it's self. Every job that is lost simply means less money going into our economy. Less money going into our economy means more jobs lost. There is only one possible cure for our sick economy and that is to create jobs and a lot of them. Obama said that is what he would do in fact 3 million jobs but he won't be allowed to do that. You just mark that down in your little book. Art

They have already closed most of them in GA. Before Christmas actually. They were also exposed here for "saying" that they were giving closeout prices and actually they were shown under investigation to have actually increased the prices over the "before" price! They showed that after the supposedly discounts that some customers had paid more than the original retail price. Circuit City officials claimed that it was not their doing. What they said is that when a store is closing they turn it over to a liquidator and their job is to make as much money for the company as possible and to get rid of as much merchandise as possible. I didn't know this and was surprised to hear it. I am sure there are alot of people that buy at these type sales and automatically assume they are getting a good deal. But if you haven't done your research in advance you could end up paying more.

There are a lot of businesses going under like you said. I have thought of going online and seeing what kind of deals on a laptop I could find before I move out of my house. There are a lot of businesses going under...Border's Bookstores are struggling too.

I'm not surprised. The more people who lose their jobs, the less people there are in the stores spending money on things they don't really need, but want. I'd like to upgrade my digital camera but not in this economy. The smaller stores can't compete with the big chains like Walmart and, even there, I've noticed the parking lot is less full than it was before Christmas. I've been watching prices creep up at my local grocery store lately so I'm back to shopping at the Walmart Super Center again, even though I gave it up when gas prices were so high.

Circuit City's liquidation sale starts today, I'm about to go check it out. My computer's a/c adapter blew a fuse (it was quite scary and involved smoke) and I'm hoping I can get a new one for cheap. If anyone has any gift cards for circuit city use em asap, you won't be able to get anything for it when Circuit City closes.

This news really saddended me. I have always enjoyed shopping at Circuit City, and they have done very well by me in the past as a customer. What is even more saddening is all of the people that are going to be out of jobs. The economy is suffering enough without more people being laid off. It's just terrible news. I hope the economy turns around soon.

We have those in canada.. they took over a store called radio shack. . now they will dissapear too ? wow. I guess that's what happens when walmart starts selling electronics and computers :P

I think we're going to see a lot ore closings like this before the economy starts to turn around no matter what anybody does! It's going to be businesses like Circuit City and basically any other type of business that sells things that are actually "luxuries" rather than "necessities". People are obviously putting off buying that new electronic gadget or upgrading whatever electronics they already have. People are also shopping at discount department stores instead of the high-end expensive ones. When some people go out to eat - IF they can even afford to go out to eat at all - they're going to go to the cheaper places. We need to get people that are out of work BACK to work and we need to do something to restore the confidence of those who are working so they won't be afraid to spend their money. I don't have all the answers and I'm certainly not an economist but I like the idea of rebuilding our infrastructure which has been so neglected for so long. This will have a double-edged effect by creating good jobs and making the improvements that are so sorely needed. There are water main breaks all over the place every day and that's at least in part because they're so old and nobody can afford to repair or replace them. Same with our electrical grids and don't even talk about our roads and bridges. Basically, I think we all realize things are going to get worse before they get better but they'll get better faster and they'll get "less worse" if we can restore enough confidence to those that DO have some money for them to get out and buy stuff so there's more need for people to MAKE stuff and to help restore, distribute and deliver it. Annie

Circuit City dug their own grave. I purchased a notebook computer from them. They asked if I wanted an extented warranty. I questioned when the warranty started and was told that it started at the time of purchase. When I needed to use it, I was told that for the first year the manufactors warranty was in affect. Also I was told that I purchased a 3 year warranty. At the end of the second year I was contacted about extending the warranty because it was about to run out. I called CC and questioned why it was about to run out since I purchased a 3 year warranty. I was told that it was a 2 year warranty and the first year only covered the battery. I told them that I would never make a purchase from them again since their sales people lie just to make a sale. It seems that a lot of people are thinking the same way or they might not be going out of business.