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(former NYSE ticker symbol CC) is the name of a defunct American multinational consumer electronics corporation.It was founded in 1949 and pioneered the electronics superstore format in the 1970s.
It's closing all its stores and laying off its 34,000 workers.
Circuit City's suicide is part of an alarming trend in the retail industry.
Pinched Suppliers Circuit City had lost money in five of the last six quarters.
In recent weeks, suppliers pinched by the global credit crunch have tightened terms, sometimes requiring up-front payments before shipping goods.
"Longer term, you've got Best Buy, who's dominant in the sector, taking share.
Law360, New York (July 6, 2016, PM EDT) -- The liquidating trustees of Circuit City and Radio Shack on Tuesday defended antitrust claims they have filed against Toshiba, Samsung and other electronics companies in multidistrict litigation over the alleged price-fixing of optical disk drives, asserting their filings are timely and sufficiently specific.
At the time of liquidation, Circuit City was the second largest U.
As Circuit City fades into history, the electronics chain is teaching shoppers that a liquidation sale does not necessarily translate to bargains.
There’s no question the shelves are emptying, but some shoppers have been walking out empty-handed.
“I wanted to see what the sales were like,” said David Woods, a power plant operator, who left the Galleria-area store without buying anything.
Athletic gear popularity has increased as more Americans wear sneakers, athletic tops and t-shirts around town, not just for the purpose of working out. Retailers like Target (tgt) and Kohl's (kss) have entered the space by moving to sell more athletic wear.Tags: Adult Dating, affair dating, sex dating