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On November 10, 2008, InterTAN sought protection from its creditors, after Circuit City filed for Chapter 11 bankruptcy. Circuit City announced on January 16, 2009, that its namesake U.S. stores would be liquidated. The Source was not affected by the announcement, and a process followed to sell the Canadian operations as a going concern. [1]
The demise of Circuit City wasn't a herald of an industry consolidating in order to grow, but rather, a warning of an unsustainable business model that has since left rivals from RadioShack to ...
Circuit City Corporation, Inc., formerly Circuit City Stores, Inc., is an American consumer electronics retail company, which was founded in 1949 by Samuel Wurtzel as the Wards Company, operated stores across the United States, and pioneered the electronics superstore format in the 1970s.
The documentary chronicles the entire 60-year history of the Richmond-based retailer, Circuit City. The documentary traces the defunct retailer from its humble beginnings as the family-owned Wards TV, to its rise to become the nation's largest specialty retailer of consumer electronics, to its downhill slide into bankruptcy and liquidation in 2009.
Circuit City, the struggling Big Box electronics retailer, announced earlier this week that it will be closing some 20% of its North American stores in an effort to regain profitability. It will ...
Payless (footwear retailer) – Filed for bankruptcy twice and closed all stores in Canada and the US in 2019. Raleigh's – also known as Raleigh Haberdasher; a men's and women's clothing store in Washington, D.C., 1911–1992; Robert Hall – clothing store that existed from 1938 to 1977. At its peak, the store had locations in both New York ...
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Subsequently, Circuit City filed for bankruptcy on November 10, 2008, and, after liquidating all of its stores, ceased operations on March 8, 2009. [ 77 ] At the beginning of 2010, Blockbuster had over 6,500 stores, of which 4,000 were in the U.S.— [ 78 ] a number that fell to 3,425 in late October the same year. [ 79 ]