Beginning of the End for Circuit City?
Looks like Circuit City is closing a 155 Stores… look for deals to start poping up. The reasons are many, the economy for one. In the press release I thought this statwement was interesting:
“To date, the company has been unable to collect an income tax refund of approximately $80 million that the company believes it is owed from the federal government.”
Are we trying to get our own version of a bail out here guys?
Either way I’ll be watching to see if my local Circuit City will be closing down so I can swoop in and maybe pick up some deals…
