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On November 10, 2008, Circuit City filed for bankruptcy protection under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Eastern District of Virginia. [ 52 ] [ 53 ] At that time, Circuit City's stock traded well below $1 per share, and was removed from listing on the New York Stock Exchange .
Circuit City – filed for bankruptcy in 2008 and liquidated on March 8, 2009; [83] [84] [85] reopened online through Tiger Direct in April 2009; closed again in late December 2012; intellectual property was sold again to Circuit City Corp. in January 2016, which plans to open an online operation and retail stores; CompuAdd – bankrupted in ...
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.
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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]
Critics have argued that the move into these new ventures caused Circuit City to lose focus amid growing competition. [2] Sharp retired as Circuit City's CEO in 2000 and left the company's board in 2002. [3] All Circuit City stores closed in 2009 due to competition from other retailers, such as Best Buy, and e-commerce. [2]
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Columbus-based Big Lots is closing another 19 stores, bringing the total to more than 400. Here's where they are and the Ohio stores that have closed.