Monthly Archives: November, 2008
Worsening economy – Circuit City to close 155 stores in US (20% shops)
Circuit City the popular electronics retail outlet plans to temporarily shutdown its 155 retail outlets in the country and exit 12 markets completely. This accounts for nearly 20% of its 720 stores. Though the impact of recession was prevalent in Banking and Finance till now, this is the first major impact in Retail business. Circuit city [...]
