Circuit City

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  • Circuit City to go into liquidation

    Circuit City to go into liquidation

    567 stores to close with a loss of 30,000 jobs 19 January 2009 10:59 GMT

    567 Circuit City stores are to close, as, echoing the UK's Woolworths saga, a buyer cannot be found to rescue the chain.

    The second largest consumer electronics retailer in America, the chain filed for bankruptcy in autumn last year after revealing it was over...

  • Circuit City files for bankruptcy. Biz, Circuit City, Gadgets, Hardware 0

    Circuit City files for bankruptcy

    Retailer admits $2.3 billion in debt 10 November 2008 15:54 GMT

    Just a week ago, the American retail chain Circuit City admitted it was going to have to shut down 155 stores and slash 17% of its 46,000 strong US workforce.

    Now things have gone from bad to worse and the company has filed for Chapter 11 bankruptcy.

  • Circuit City closing 155 stores . Biz, Circuit City 0

    Circuit City closing 155 stores

    Plus cutting 17% of US workforce 3 November 2008 15:50 GMT

    The American retail chain Circuit City has been hard hit by the credit crunch and has admitted it is going to have to shut down 155 stores.

    The retailer, which had an unsolicited, and eventually unsuccessful, takeover bid from Blockbuster earlier this year,...

  • Microsoft Launches Equipt

    Microsoft launches Equipt subscription software for consumers

    $70 a year for value bundle of basic programs 2 July 2008 16:34 GMT

    Microsoft has unveiled "Equipt", an all-in-one security and productivity software subscription service for consumers.

    With one installation, Microsoft says the service delivers anti-malware protection technology, features to simplify PC management and improve...

  • Blockbuster withdraws Circuit City offer. Biz, Acquisitions, Blockbuster, Circuit City 0

    Blockbuster withdraws Circuit City offer

    Not in the best interest of shareholders 2 July 2008 13:22 GMT

    Blockbuster has announced that it has decided to withdraw its proposal to acquire Circuit City.

    The movie rental company said it has been in talks with the struggling Circuit City for months regarding an acquisition offering $6 to $8 per share in cash for the...

  • Blockbuster goes public with unsolicited bid for Circuit City. Biz, Blockbuster, Circuit City 0

    Blockbuster goes public with unsolicited bid for Circuit City

    Struggling movie company wants to buy struggling retail chain 14 April 2008 14:48 GMT

    Blockbuster has announced it is to take an unsolicited $1 billion-plus bid for Circuit City Stores Inc. directly to the consumer electronics chain's shareholders, saying Circuit City has not responded to repeated offers.

    The struggling movie rental company said...

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