Circuit City will close 155 stores around the country and lay off 17% of its 46,000-member workforce before year’s end in its latest attempt to stave off bankruptcy proceedings, although analysts are predicting more closures and a probable Chapter 11 filing before the holidays. Circuit City is, of course, one of the few non-Wal-Mart outlets for music in many parts of the country, although I doubt the execs there are looking into an exclusive deal with an aging rock act as a way to save the company’s hide. [Reuters]
November 3rd, 2008 // 3 Comments
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I don’t take any pleasure in anybody losing their job, but, man, Circuit City is a terrible store. Atrocious layout, bad prices, and you have to beg someone to help you, only to have them give you a hard-sell on b.s. like Monster Cables.
It’s very hard to find music at Circuit City, and what there is is crammed in a display smaller than even a Target. Good riddance.
I imagine that this will also mean the end of the Circuit City “exclusive” versions of CD’s with extra tracks. Q-Tip’s new record (The Renaissance) may be the last of these. The Circuit City version adds a song called “Feva”, which was produced by J.Dilla.