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  1. #1
    Affiliate Manager Howard Gottlieb's Avatar
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    Circuit City Bankruptcy
    NEW YORK -- Circuit City Stores on Monday said it filed for protection from its creditors under Chapter 11 of the U.S. bankruptcy code. The Richmond, Va. company said it negotiated a commitment for $1.1 billion in debtor financing. "(The) company intends to build on recent efforts to streamline the company and create a stronger, more competitive business," Circuit City said. The company disclosed $3.4 billion in assets and $2.32 in liabilities. The move comes a week after the electronics retailer set plans to close a fifth of its stores.
    I would rather live my life as if there is a God and die
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  2. #2
    Prince of Content Vinny O'Hare's Avatar
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    Once again all shareholders lose out
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  3. #3
    Full Member Code Monkey's Avatar
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    Shareholders had over a year to see this coming..

    Lemmings lose out..

  4. #4
    ABW Ambassador CCBerries's Avatar
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    Shareholders loose, suppliers loose, employees loose, store warranty customers loose,,, but I bet the CEO and top management will give themselves bonuses.

  5. #5
    Analytics Dude Kevin's Avatar
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    Remember when Big Box retail sounded like a good idea?
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  6. #6
    Prince of Content Vinny O'Hare's Avatar
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    I was in a circuit city a few weeks back that was the worst shopping experience. They were remodeling the store and I was wondering to myself why bother
    Vinny O'Hare - OPM - Contact Info email: vinny at teamloxly.com ~ 702-582-6742 Twitter

  7. #7
    Affiliate Manager FDC's Avatar
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    Ya, and if you have a gift card it may not be redeemable!

  8. #8
    Moderator MichaelColey's Avatar
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    Moderator Note: I've moved this to the Google Affiliate Network forum, since Circuit City is a Google Affiliate Network merchant.

    Google Affiliate Network Moderator: Could you save all of us some time and let us know which of the 18 companies listed on the Proof of Claim form owes us money and which months (if any) will be subject to the bankruptcy? (I think it's probably 9/08 and the part of 10/08 up through the filing.)
    Michael Coley
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  9. #9
    Google Affiliate Network Rep Google Affiliate Network Moderator's Avatar
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    Hello,

    I will forward this post to the appropriate people for response.

    Thank you,

    Jamie

  10. #10
    ABW Ambassador MeeMaw's Avatar
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    So glad to see this one go really. One of the worst stores and shopping experiences.

  11. #11
    ABW Ambassador
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    Circuit City to liquidate remaining U.S. stores
    Electronics retailer has struggled as the U.S. economy has weakened

    Circuit City will be fully liquidated with 35,000 jobs cut in the process.

    http://www.msnbc.msn.com/id/28691963?GT1=43001

  12. #12
    ABW Ambassador writerguy's Avatar
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    Quote Originally Posted by MeeMaw
    So glad to see this one go really. One of the worst stores and shopping experiences.
    Actually, I just now looked at this thread since they announced total liquidation today.

    My experience as a consumer (I never did their affiliate program) shopping at Circuit City was exactly the opposite. The few times I went there, there were plenty of helpful people around to help me find whatever I couldn't find on my own, but not so pushy. (Unlike Best Buy where I've NEVER been able to track down and stop a service rep long enough to get ANY help.)

    Odd, isn't it, how experiences can vary so much from store to store and consumer to consumer?
    Generate more fake news.

  13. #13
    Full Member TerriFalcone's Avatar
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    I for one can not rejoice in a store or a chain going under especially if the cause was the economy tanking rather than some major flaw that they refused to fix. Like Writerguy my experiences with Circuity City were mostly positive. Good selection, fair prices, personnel that were for the most part knowledgeable and helpful.
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