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IPFS News Link • Economy - Economics USA

Circuit City Works to Avoid Bankruptcy Till After Christmas

• Michael Shedlock / Mish
If you are thinking about buying someone a Circuit City gift card, think again about what you are doing. There is no reason to expect Circuit City to survive. Its stock is trading at $0.35.

1 Comments in Response to

Comment by Fascist Nation
Entered on:

This makes a very good point. Christmas is a make or break part of the year for many retail outfits. During a recession, Christmas is not going to be good for them. Those that are over extended will go broke afterwards. I expect a lot of places going broke afterwards ... Merry Christmas. Ho, ho, ho. If you are going to do what most people do and buy gift cards you take the chance that you are throwing your money (or your recipients money) away.



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