Circuit City goes Bankrupt, shut down 155 stores, chucks out 17% of its employees

Circuit city gets a mild heart attack at the age of 59.Circuit City Stores Inc, the No. 2 U.S. consumer electronics retailer, filed for bankruptcy on Monday just weeks before the start of the holiday shopping season, becoming the largest retailer to file for Chapter 11 since Kmart in 2002.

Advertisements