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From a Canadian perspective, I think CC did a horrible thing by taking over Radio Shack, which had such a small part of the electronics industry in Canada in the first place. Though they are sort of niched into various electronics (i.e. wires, and all that jazz) I don't see them succeeding...especially during the Holidays.

Best Buy > Futureshop > CC

Now seriously...if U were to walk in to a Circuit City store, and they had a 1x1 sq foot area in their store FOR SALE at less than $5...will U not buy it?

Further if the sign said "not only will U own that 1x1 square foot in the store, but will also share in whatever profits were generated by items sold in that 1 sq. foot area"...will U not just snap up that chunk of primo real estate ?

Forgive my caveman analysis, but I don't see how buying a share of Circuit City at less than the price of a Mocha Latte Grande is any different ?

I know CC shot itself in

Electronic sales will continue to rise. For every loser in the world that is destroying the American banking system there are 52 winners that are standing on their own two feet perfectly able to push forward.

When the country is bent on saving the criminal fraudstar of the mortgage industry, that is the last place you want your money. But money will flow from the intentions of those control American tax payer dollars towards those that don't need the help.

This translates to toybuying time for adults.

In real life I bought to early at $8.35. Thank God for that 20% rally last week. Today it's down over 5% on profit taking.

Circut City sells the type of toys people buy for their self or their whole families. We currrently have three events going on in the country.

1) talk of a recession

2) large corporate earnings

3) a scared work force

The talks of a recession always sensible shopping for love ones. The large corporate earnings give employers the power to show their support towards their employees their concern that fear will drive them to leave.

This

Filed under: Wal-Mart (WMT), Target Corp. (TGT), Best Buy (BBY), Circuit City Stores (CC)

Filed under: Wal-Mart (WMT), Target Corp. (TGT), Best Buy (BBY), Circuit City Stores (CC)

Filed under: Market matters, Circuit City Stores (CC), Politics

Circuit City (CC), which last week filed Chapter 11, a week after after announcing plans to shut 155 U.S. store, could soon unveil plans to shut another 150 stores, according to Gizmodo.

Gizmodo reports that “a reliable industry source tells us that the company is looking to close another 150 stores—with that announcement possibly coming in as little as two weeks from now. As for which stores close, it’ll be a simple question of which locations remaining have the worst profitability. Black Friday looks to be a large indicator of how this whole scenario will play out.”

Anyone feeling optimist

Stating that the retail sector has suffered a bombardment of bad news the last few months is like saying the Atlantic Ocean is wet.

My colleague Paul Moore wrote an excellent piece on Tuesday, detailing Circuit City's (CC) problems. Let me first say that I agree with Paul on Circuit City and that its woes are company-specific and a result of poor management, rather than a sector-wide problem.