Circuit City to Close After Failing to Find a Buyer

or
Surprise! Crappy Store Goes Out Of Business

The New York Times finally hears the other shoe fall for the crummiest consumer electronics chain in the country:

Circuit City, once a bellwether American retailer, is going out of business for good, stripping the nation of its second-largest consumer electronics chain.

The company, which filed for bankruptcy protection in November, said Friday that it would liquidate its stores and other assets.

{snip}

“We are extremely disappointed by this outcome,” said James A. Marcum, vice chairman and acting president and chief executive of Circuit City Stores Inc. He called the liquidation “the only possible path for our company.”

Did he look into getting a cash advance on his Bank of America or Citibank credit card? Seriously, I had forgotten they were still in business, which must have been part of the problem.