Circuit City files for Bankruptcy

Nov 10 2008, 7:20am CST | by Luigi Lugmayr

Circuit City Stores today announced that it has filed for Bankruptcy. This comes as a bit of a surprise as the retailer sold 155 stores last week and did not talk about Bankruptcy.

Circuit City plans to continue operating the business without interruption as management focuses on developing and executing a comprehensive corporate restructuring plan. So I guess you can remove Circuit City from the list of stores for your Black Friday shopping. I do not think they will have the hottest offers.
Via the Circuit City site.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.