Random musings on all things cinematical, and otherwise, by Joe Leydon.
Friday, January 16, 2009
The good news is, you'll soon get some great bargains on DVDs and Blu-Ray discs at going-out-of-business sales. The bad news is...
Circuit City Stores Inc., the nation’s second-biggest consumer electronics retailer, reached an agreement with liquidators on Friday to sell the merchandise in its 567 U.S. stores after failing to find a buyer or a refinancing deal.
And, of course, this means even more people without jobs. Yikes.
Mr. Obama has his work cut out for him.
I read that 50% of Circuit City's operating income is dervied from selling extended warranties. So, that's a bit of a shaky plank to walk anyway. Isn't this the second or third time they've gone out of business?
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