It's offical, today Circut City filed for Chapter 11,  as reported in the Wall Street Journal HERE.  After the reisgnation of its CEO, dismal quarterly reports, and the company's chose to hire FTI consulting a "turn around specialist" as discussed HERE in a Bloomberg article.

Sad reality is.... they're not alone, the recent list of retail stores to file for Bankruptcy protection includes:

Levitz Furniture, Mervyn's, Sharper Image, Performance Team Freight, Hollywood Video, Linens n Things, Bed Bath and Beyond. 

As an aside, if you purchase big ticket items don't forget to buy or check on the avability of buying a warrenty from the maker not Circut City's extended warrenty plan, and also don't forget to use your gift cards up!

 

 

 

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Stephen A. Cunningham; MAI, CCIM

Fort Myers, FL

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LandQwest Commercial

Office Phone: (239) 275-4922 x 225

Cell Phone: (239) 910-4085

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Steve's Appraisal Continuum SAC's goal is to provide a place for knowledge and idea sharing, with occasional commentary on the real estate appraisal industry. Locations of visitors to this page click tracking
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