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Monday, November 10, 2008

Circuit City Files Bankruptcy

by Calculated Risk on 11/10/2008 09:18:00 AM

From the WSJ: Circuit City Files for Bankruptcy

Troubled electronics retailer Circuit City Stores Inc. filed for Chapter 11 bankruptcy Monday in an effort to stay ahead of lenders owed $898 million.
The lenders have agreed to loan Circuit City $1.1 billion to keep the retailer's doors open through the holiday season.
There is a good chance that Circuit City will be gone in January - another serious blow for mall owners.