Calculated Risk: "We discussed this yesterday, and here is the announcement from Circuit City: Circuit City Stores, Inc. Provides Update on Liquidity and Announces Store Closing Plan
Due in part to its deteriorating liquidity position and the continued weak macroeconomic environment, the company has decided to take certain restructuring actions immediately, including closing 155 domestic segment stores, reducing future store openings and aggressively renegotiating certain leases..."
I guess firing all those overpaid workers didn't help too much. Chuck where are you?
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