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Anyone who thinks Circuit City’s Chapter 11 bankruptcy protection filing today has the least bit to do with the ongoing financial whatsits in the country doesn’t know the history of the company. True, if we were still in a boom time right now, CC might not have had to take this step…yet. But it would be coming. The company has been sliding for quite some time now, and this has been predicted for over a year by many who spent time there.
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That said, don’t look for the company to totally collapse just yet. Welcome to K-Mart!
Well it went down a little sooner than you thought! Crazy times!