Circuit city bankruptcy

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[edit] Retail Insolvencies Expected to Rise in New Year - Wall Street Journal

3 December 2008, by

[edit] Bankruptcies up amid downturn - Business Gazette

3 December 2008, by

[edit] Samsung to Circuit City: Give Us Back Our Product - Dealerscope

3 December 2008, by

[edit] Samsung has reportedly asked Circuit City for $74 million in ...

3 December 2008, by unknown Samsung's American division is demanding that Circuit City return $74 million worth of electronics merchandise, on the grounds that the retailer, which is in Chapter 11 bankruptcy, knew it was insolvent at the time of the deal.

[edit] Samsung Wants Circuit City to Return $74M in Product - Home Media Magazine

3 December 2008, by

[edit] UPDATE 1-BUY OR SELL-Where to invest in retail in the holidays? - Reuters

1 December 2008, by

[edit] Online-only outlets see Black Friday boost over 2007 - Ars Technica

1 December 2008, by

[edit] Circuit City stock: Don't bet on bankruptcies - USA Today

1 December 2008, by

[edit] Give holiday gift cards cautiously - Akron Beacon Journal

30 November 2008, by

[edit] Circuit City bankruptcy gallows humor: Do not sell! - BloggingStocks

28 November 2008, by unknown This stock declined to almost zero faster than the speed of light. It wasn't about a year ago and Circuit City was paying a dividend out. What happened to Circuit City??? http://www.youtube.com/watch?v=xKlMl4II3_0 ...

[edit] How to avoid getting trampled this Black Friday

27 November 2008, by For the last few years, I’ve done my absolute best to avoid Black Friday sales. You’ve all heard the stories… grandmas getting trampled for that $39 DVD player, grown men wrestling over a toy in front of their kids, soccer moms becoming ninjas in the clothing section using hairpins in ways that make even Chuck Norris cringe. The horror… the horror. I’m happy just to sit home, ride out my tryptophan overdose and find potentially less dangerous ways to get those hot items online. Sounds lazy,

[edit] Circuit City Refund Checks Bouncing….

26 November 2008, by [IMG circuit_city_logo[5][5][5]] via:  The Consumerist If you have a Circuit City refund check not deposited before 11/10, it’s going to bounce. A posting on the internal Circuit City forums from an irate store manager upset over having to shrug his shoulders in response to a customer who had a $2,500 Circuit City refund check bounce elicited this response from the CC accounting team: Due to the Ch 11 filing, the bank had to put a stop on all checks that had not been deposited.  We WILL be

[edit] Commercial Real Estate - the Next Show to Drop

25 November 2008, by The residential real estate sector is in shambles and, some economists say, will not recover until the end of 2010, at the earliest. Now it looks like commercial real estate may be the next block to fall in our “Jenga economy.” On November 19, bonds and stocks backed by commercial real estate loans plummeted on investors’ fears the struggling U.S. economy might lead to a wave of defaults. Big real estate companies suffered big losses: shares of Simon Property Group, the top U.S. mall operato

[edit] Fretful gift card holders get a break

24 November 2008, by Worried holders of gift cards bearing the brand of bankrupt retailers such as Linens Holdings Co. (Linens 'n Things), Circuit City Stores Inc. and Tweeter Opco LLC (Tweeter): fear not. A company...

[edit] Fretful gift card holders get a break

24 November 2008, by Worried holders of gift cards bearing the brand of bankrupt retailers such as Linens Holdings Co. (Linens 'n Things), Circuit City Stores Inc. and Tweeter Opco LLC (Tweeter): fear not. A company called Giftcardrescue.com has got you covered....

[edit] Circuit City - What To Do?

23 November 2008, by Most of you have probably heard of the Circuit City bankruptcy that was recently filed. There was a great post on The Wallet, a Wall Street Journal Blog, that told some specifics - including a list of store closings. Local to me, there is only one store closing - the one on University City Blvd. No other North Carolina or South Carolina stores are on their list of stores to be closed. Some basics that you need to know: Gift Cards: Circuit City says they will honor gift cards. Most of the media

[edit] Circuit City Grand Openings!

21 November 2008, by According to the Consumerist: It cheerfully proclaims, “Now you’ll be the first to hear the latest news,” before informing him that he’d been “chosen” as one of their “best customers” to receive spam. I’m thinking Circuit City needs to rethink their customer service and communication strategy… The best part of the email: We’ll get advanced notice about “grand [...]

[edit] Top Bankruptcy and Corporate Restructuring News (Nov. 20, 2008)

21 November 2008, by From Bloomberg:  Macy’s Debt Trades Like Junk, Similar to Kmart From Bloomberg:  Barclays Sues Ritchie Funds Over Petters Investment From Bloomberg:  DTE Energy Is Ready to Cut Costs Should GM Fail, Earley Says From Bloomberg:  Landmark Fights for Life as Hospital Shutdowns Swell From Reuters:  Steve & Barry’s to liquidate remaining 173 stores From Reuters:  General Growth hires bankruptcy counsel From Reuters:  As companies go bankrupt, analysts say “hold” From Reuters:  Homebuilder, REIT

[edit] Gift cards and store closings in 2008

20 November 2008, by Gift cards and store closings in 2008 November 20th, 2008 An email is circulating advising people to be careful when buying gifts cards because many stores are closing. “Stores that are planning to close after Christmas are still selling the (gift) cards through the holidays even though the cards will be worthless January 1. There is no law preventing them from doing this. On the contrary, it is referred to as ‘Bankrupcy Planning)” I always check announcements of this type out through

[edit] Why Circuit City Busted, While Best Buy Boomed - TIME

20 November 2008, by dandannoodles

[edit] Circuit City Shareholder Explores Options

19 November 2008, by Circuit City's largest shareholder is exploring options that include a possible purchase of the retailer out of Chapter 11 bankruptcy protection.

[edit] Ever darkening clouds gather above retailers

18 November 2008, by It's no secret the retail sector resembles a bombed-out war zone currently. Companies from Midwestern apparel chain Harold's Stores Inc. to the parent of discount retailer National Wholesale...

[edit] Ever darkening clouds gather above retailers

18 November 2008, by It's no secret the retail sector resembles a bombed-out war zone currently. Companies from Midwestern apparel chain Harold's Stores Inc. to the parent of discount retailer National Wholesale Liquidators, NWL Holdings Inc., to electronics seller Tweeter Opco LLC have filed for bankruptcy protection in just the past few weeks. Giants such as Mervyn's Holdings LLC and Linens 'n Things parent Linens Holding Co. are liquidating after failing to attract buyers. Steve & Barrys LLC may liquidate eve

[edit] Mexican Billionaire Increases Stake in Bankrupt Circuit City - Bloomberg

18 November 2008, by

[edit] Save money due to Circuit City's demise

17 November 2008, by Circuit City's ongoing downfall now offers North American shoppers another chance to save a couple extra dollars before Black Friday in a couple of weeks. The company recently filed for bankruptcy protection and is shutting down stores across the United States, which means ...

[edit] Cost cutting at newspapers treads dangerous path

17 November 2008, by Circuit City fired its best employees and is now in bankruptcy. Are newspapers following the same path?

[edit] How Circuit City can save itself from total collapse

17 November 2008, by I’m sure you’ve heard by now that Circuit City has finally come to the realization that their current model is unsustainable, and are now reorganizing under Chapter 11. Yes, Circuit City is bankrupt. I’ve heard some suggest that Circuit City could be the next Tweeter and fade into oblivion, however after thinking about this for awhile, I think that there is a chance that they may be able to position themselves to be a profitable publicly traded company (note: Circuit City is now trading under

[edit] 8 reasons tech isn???t dead . . . yet

17 November 2008, by The global economy is in as bad shape as we've ever seen. In the last two months, U.S. consumers have stopped spending money on discretionary items, including electronic gear, prompting this week???s bankruptcy filing by Circuit City. Retailers are worried that Black Friday ...

[edit] Ohio AG Warns Consumers About 'Going Out Of Business' Sales

17 November 2008, by With big-name retailers such as Circuit City and Value City Departments Stores announcing massive store closings and bankruptcy filings, Ohio Attorney General Nancy H. Rogers reminded consumers Monday to shop wisely when purchasing from retailers that are going out ...

[edit] 5 Retailers With Financial Woes

17 November 2008, by Circuit City has filed for bankruptcy, and several clothing retailers had bad third quarters.

[edit] Rumor - Circuit City to Close Yet Another 150 Stores

17 November 2008, by Circuit City already closed 155 stores around the county last week, but a reliable industry source says the company is looking to close yet another 150 stores. The source indicates an announcement will becoming in as little as two weeks from now. Nobody knows which stores will be closing but the source indicates that profitability after Black Friday should be a good indicator. More on this as it develops. © Copyright NerdGrind 2007 - 2008. All Rights Reserved. If this article is NOT being

[edit] The Media Equation: Newspapers Jettisoning Top Talent to Cut Costs

17 November 2008, by Circuit City fired its best employees and is now in bankruptcy. Are newspapers following the same path?

[edit] Recent Circuit City bankruptcy filing is leaving consumers nervous

17 November 2008, by Recent Circuit City bankruptcy filing is leaving consumers nervous With the Circuit City bankruptcy filing this week coming on the heels of the holiday shopping season, many people are wondering about gift cards. Is a Circuit City gift card safe to buy and give as a present? Circuit City maintains thatWith Circuit Ci... Health 0

[edit] Top Posts

17 November 2008, by Top Posts I’m as big a fool as anybody, perhaps more so considering the number of blog posts doing the rounds indicating that Circuit City were currently marking down from MSRPs and things were more than on their Website or what they wereBest Buy, Circuit Cit... Health 0

[edit] The Great Depression of the 21st Century: Collapse of the Real Economy

16 November 2008, by The Great Depression of the 21st Century: Collapse of the Real Economy Posted by junglechemist on November 16, 2008 The financial crisis is deepening, with the risk of seriously disrupting the system of international payments. This crisis is far more serious than the Great Depression. All major sectors of the global economy are affected. Recent reports suggest that the system of Letters of Credit as well as international shipping, which constitute the lifeline of the international trading sy

[edit] The Economy Gets a Margin Call

16 November 2008, by The Economy Gets a Margin Call November 15, 2008 By John Mauldin The Economy Gets a Margin Call Where Have All the Consumers Gone? Why Is the Dollar Rising? Can We Actually Muddle Through? The Potential for a Large Stock Market Rally Is GM too Big to Let Fail? New York, Moving, and Another One Leaves ...

[edit] Cashing Out: Week of Nov 9-15th, 2008 in Online Marketing News

16 November 2008, by Live Search Stats Look Positive for Mircosoft Microsoft is reporting that according to Comscore its Live Search Cashback program accounted for 12% of all commercial transactions on the web. The transactions came from the approximately 4.5 million unique users in the program. Two big questions still ...

[edit] Top Ten Reasons Circuit City Will Go Out of Business

16 November 2008, by   Short-Circuit City You can file this one under the “kick ‘em while they’re down” category.  Sorry.   10.  If it ain’t broke, fix it anyway.  During the ’90s, Circuit City was doing great.  The problem was, competition was coming and it was coming hard and nobody took Best Buy seriously.  If you don’t crush the competition, don’t be surprised when they crush you. 9.  In a competitive environment, don’t take your eye off the ball.  DIVX and CarMax were major distractions and Circuit City

[edit] Creditors’ Committee Appointed in Circuit City Stores Bankruptcy Cases

15 November 2008, by The United States Trustee has appointed the members of the Official Committee of Unsecured Creditors in the bankruptcy cases of Circuit City Stores, Inc.  The members (as amended) are: Hewlett-Packard Company Samsung Electronics America, Inc. LG Electronics USA, Inc. Alliance Entertainment Garmin International, Inc. Simon Property Group, Inc. Weidler Settlement Class Developers Diversified Realty Corp. Pension Benefit Guarantee Corporation Toshiba America Consumer Products, LLC Paramount Ho

[edit] Game Sector Hauls In October Treats

14 November 2008, by Facing down the nastiest alien creatures in "Gears of War 2" may seem like a cakewalk compared to the big boss battle awaiting the video game industry this Christmas -- maintaining strong sales during an extremely challenging economic environment that has resulted in gaming retail outlets Circuit ...

[edit] Circuit City Gets $1 Billion in Credit

14 November 2008, by Circuit City Stores Inc. has finalized a $1.1 billion line of credit that will be used to fund its bankruptcy reorganization. The credit line will be used only to pay for products during the bankruptcy period and not for any vendor debt or products purchased before the company filed bankruptcy. There are concerns that the company’s turnaround will be made more difficult if angry vendors hamper holiday sales for the chain. The largest creditor as of the bankruptcy filing was Hewlett-Packard at

[edit] Bad news gets worse for IT

14 November 2008, by The financial news for IT just keeps getting worse, with bellwethers like Intel cutting revenue guidance, shares of high-flyers like Google sinking to multiyear low, Sun slashing up to 18 percent of its workforce, and market researchers at IDC and Citigroup slashing forecasts. The conventional wisdom ...

[edit] Paul Simon's Lyrics & The Case Of The Vanishing CD

14 November 2008, by The problem of compact discs disappearing from the marketplace is worse than it was only a year ago. CD inventories, beyond Borders (traditionally, a strong music outlet), are way down. Store buyers just ain't a-buyin' from the labels, and it's looking grim all over. Circuit City's downsizing and filing for bankruptcy plus record label EMI's 1.2 bi

[edit] CIRCUIT CITY Bankruptcy News, Issue No. 3

14 November 2008, by (EMAILWIRE.COM, November 14, 2008 ) FAIRLESS HILLS, Pa. -- Nov. 14, 2008 -- Bankruptcy Creditors' Service, Inc., published Issue No. 3 of CIRCUIT CITY BANKRUPTCY NEWS today. The 29-page newsletter contains stories with these headlines: (00023) U.S. TRUSTEE APPOINTS ...

[edit] Amtran sees no impact from Circuit City woes

13 November 2008, by In response to Circuit City's filing for bankruptcy, Taiwan-based LCD TV maker Amtran Technology has remarked that it does not expect the case to have an impact on its finances despite its partnership with Vizio, whose products are sold at the US number two consumer electronics ...

[edit] Circuit City Declares Chapter 11 - Lack of Corporate Leadership Strikes Again - Ask The Manager

13 November 2008, by askthemanager In what might be the least surprising business announcement of 2008, Circuit City filed for Chapter 11 bankruptcy protection on Monday. Wow, really? Color us shocked. To be honest, we’re a little shocked it took this long. We’re also a little surprised that their creditors aren’t forcing them into Chapter 7 liquidation – though that may come sooner rather than later. (Lest we forget, fellow specialty retailer Linens ‘N Things initially filed under Chapter 11 and is now in Chapter 7.)

[edit] Why Circuit City Busted, While Best Buy Boomed

12 November 2008, by On Nov. 10, the No. 2 electronics retailer in the U.S., Circuit City, filed for bankruptcy. Why that's no surprise.

[edit] Circuit City files for bankruptcy

12 November 2008, by AP news reports that Circuit City, the nation's second largest electronics retailer (Best Buy is the largest), is filing for chapter 11 bankruptcy. They'll lay off 700 additional employees and close 20 percent of their stores. Previously they'd announced ...

[edit] 2008 the year of bailoutgasms, where $700 billion bailout is going

12 November 2008, by Readers already know I was adamantly against the bailout. I’m against bailing out any insurance company, any automaker and, well, any company period. Why has 2008 become the year of the bailout? America isn’t about bailing out businesses. If your business — or mine — isn’t free to succeed and fail, ...

[edit] Circuit City files for bankruptcy | Business Tech - CNET News

12 November 2008, by Margaret Kane The struggling electronics chain says that it's seeking Chapter 11 protection and that it will raise its projected job cuts to about 20 percent of its staff. Read this blog post by Margaret Kane on Business Tech.