Among the many stores that are closing, Circuit City is closing. In my opinion Circuit City stores are closing because our economy is in a recession. Over 150 stores are currently planning on closing. They are saying that everything must go. Circuit City filed bankruptcy. Our economy is experiencing unemployment problems which causes there to be a decline in sales at stores like Circuit City. Since our economy is in a recession people no longer have money to buy things like expensive such as their available electronics.
As a result, ..It’s amazing how one day Circuit City could be second-largest U.S. electronics retailer then the next be filing for bankruptcy. Some people agree that Circuit City overcharges their customers anyways. Some people can see why Circuit City is going out of business while others dread the fact that their favorite electronics store is going out of business. Circuit City is scheduled to close March 8, 2009.
http://www.huffingtonpost.com/2009/03/06/circuit-city-closes-sunda_n_172473.html
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