Talk about a down turn. Circuity City, the #2 electronic retailer, is in deep financial trouble. Their stock is trading at .39 cents a share which just adds to their problems. There is now talk that Circuit City may have to close down some 150 stores in order to try and survive.
Personally I always find our local Circuit City store well stocked and for the most part, had very helpful employees. But it seems that Best Buy, for whatever reason, is the top dog and has pounced on Circuit City sales. It is unfortunate if Circuit City folds, since competition in the electronics market is always a good thing.
Last quarter Circuit City posted a loss of $239 million. Ouch!
What do you think of Circuit City?