Tag Archives: Circuit City

Circuit City Blows a Fuse

By Jon White,
VCU InSight

RICHMOND, Va. — A tough economy and lack of consumer traffic has led the nation’s second largest electronics retail chain—and one of the oldest in Virginia— to file for bankruptcy, close many of its stores, and slash jobs.

Richmond-based Circuit City Inc., one of the area’s largest employers, announced it is filing for Chapter 11 bankruptcy. The company also announced the closing of more than 150 stores and 6,800 employee lay-offs nationwide.

Continue reading

Leave a comment

Filed under News