It is always bad to see competition reduced. I went in to one of the Circuit City's to be first in the round of liquidation and closing. (Some stores are already closed.) The prices the liquidator had set were stupid. Most things were about 10% and it was a surprise if they were 20% off - all off regular retail. I know they'll eventually get rid of stuff but I just walked out.

Also, I had heard that a wealthy Mexican businessman bought a ton of CC shares the day they announced bankruptcy. Might they come back re-invented like Sharper Image is apparently trying to do after Chapter 11?

__________________

PNG/K,
That Liquidation "Sale" is typical: a liquidation company is now in control of the goods for sale, and
their job is to get as much dough as they can, as they own the stuff. And, a "Lig Sale" tends to suck
in the consumer who thinks he is going to get 80% off or some great deal. Only the leftover junk will be
on fire sale. As for the stock, imo it will be worthless; the initial Chap 11 is turning into Liquidation as in,
other than real estate, the shares aren't worth the paper they are printed on. As for the RE, who the hell
needs a store or block of empty stores these days.

Sign of the Times, I think...they won't be the only big name to go off to Valhalla in '09, imo.
BR,mD

Edit, from latest in WSJ:
"Golden Gate Capital was considered a leading bidder. Another was Mexican billionaire Ricardo Salinas Pliego, who acquired one-quarter of Circuit City's stock after the bankruptcy filing."

Maybe, like the Phoenix, they can pull it out of the fire. But, very difficult in this US mkt, imo.

Not good.

it's a long list of closings

Macy's - 9 stores
KB Toys - 356 stores
Ethan Allen - 12 stores
PepBoys - 33 stores
Sprint/Nextel - 133 stores
Ann Taylor - 117 stores
Lane Bryant,Catherine's,Fashion Bug chain - 150 stores
Eddie Bauer - 27+ stores ('+' meaning more stores after January)
GAP - 85 stores
Footlocker - 140+ stores
Zales - 82+ stores
Disney - 98 stores
Home Depot - 15 stores (including New Brunswick,NJ)

more partial closings
JC Penny
Lowe's
Dillard's

complete closings
Linens'n'Things
J Jill
Levitz
Wickes Furniture
Bombay
Whitehall
Piercing Pagoda
Pacific Sunwear
Movie Gallery
Wilson Leather
Sharper Image
Talbot's

Alot of people soon out of work!

__________________
Mark _______________________________
2001 X5 4.4i topaz blue/sand Sport, complete Dinan S2 , hitch, V1, tint, BSW Stage 1, Alpine INA-W910BT
___________
Life is not fair!
You can't protect people from their own stupidity!
Laughter makes life worth living

That's not good news. I really don't like Best Buy.

Poor Ethan Allen I really like them. What is the deal with Lowes?

__________________
The Present:
2014 Audi Q5 TDI Prestige
The Past:
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2005 BMW X5 3.0i
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http://www.circuitcity.com/closed.html

Good List, Mark...
I could recite some, but not all. Good Dig Out!
BR,mD

Don't forget about Starbucks closing ~600 stores over the summer as well! It was a tough year and it's about to get worse I am afraid!

__________________
2001 X5 4.4i
2002 Honda S2000