The Consumerist has confirmed via an internal memo that Circuit City will be closing 155 stores before December 31, 2008. Also confirmed from employees is that the memo has in fact been sent to those stores which will be closed. What is not confirmed is which stores will be closed.

The Consumerist posted this memo from the Circuit City CEO. To view the memo check the source below.

Though these stores closing were only a rumor in September, it now appears that it is now a fact that stores will be closed.

How do you think this will affect the electronic retailers with Best Buy being the major player left in the game?

Comments welcome.

Source.