Short Circuited City
Wrote the real-estatin' Friend of Unfair Park who alerted us to the news of Circuit City's imminent demise today, "Getting ugly out there." Indeed: Just two months after Circuit City included its N. Central Expressway and Meadow Road location as one the 155 "underperforming" stores being shuttered, the chain today is seeking bankruptcy court approval to "close its remaining 567 U.S. stores and sell all its merchandise."
The company says it will be putting out of work "more than 30,000 employees," some of whom are currently working at the 15 Circuit City locations in the Dallas-Fort Worth-Denton area. The North Dallas location closed New Year's Eve. Says the company's official media release, "Circuit City will provide more details in the near term about the plans for the liquidation of the stores and other assets."