January 16, 2009: Circuit City to Go out of Business
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2009 – You can be #2, and still not be doing all that great. This was the case for Circuit City. A failed buyout opportunity from Blockbuster and they were at the same point as CompUSA a couple years prior. Therefore, officials announced they will be closing the remaining stores and selling all assets.Ironically enough, Circuit City’s website assets were acquired by SystemMax – the same company that holds Comp USA’s web assets.
Wikazine – Full show notes for January 16
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