Monday, November 10, 2008
Circuit City files for bankruptcy
How unfortunate. Not that I am a fan of this company, somewhat the opposite. but I do feel bad for the folks who will lose their jobs in a poor economy. Corporate mismanagement has once again taken its toll.
What's that you say? How can he blame management when he also said the economy was poor? Even though credit was more difficult from vendors, fewer buyers, etc., other companies seem to be doing OK in the same space. How else would you account for the success of Best Buy? Here's the article from CNN Money.com:
Circuit City files for bankruptcy - Nov. 10, 2008