Circuit City Stores Inc., the No. 2 electronics seller after Best Buy, filed for bankruptcy protection Monday, hoping the move will allow it to stock its shelves in time for the crucial holiday shopping season.
The move comes about a week after Circuit City said it would close 155 stores as it deals with a worsening economic downturn that has left more consumers with less money to shop. The company intends to keep its remaining stores open through the bankruptcy proceedings.
My Response: I don't know to many people that would shop at Circuit City over Best Buy. Circuit City has not made any influence in society that would swag them to go there instead. Either Circuit City comes with better products or drop their prices, or they will be going bankrupt.
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