More Signs of Economic Trouble

In yet another sign of these troubling economic times, Circuit City has filed for bankruptcy.

Circuit City Stores Inc., the No. 2 electronics seller after Best Buy, filed for bankruptcy protection Monday, becoming the latest retailer hurt by a worsening economic downturn that’s left more consumers with less money to shop.

The company, filing for Chapter 11 protection, has no plans to shut down, and has said it is merely doing this to allow for uninterupted flow of merchandise during the hoiday season.


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