Circuit City is yet another electronics retailer (CompUSA being the other) to be closing down stores — 155 to be exact. Plus, they’re also withdrawing from 12 markets. The official announcement is expected to come this morning, but we’ve got the letter sent out to employees here, or at least a minituarized version of it.
Another Circuit City insider writes: “A team of liquidators will be coming in and taking control of the store. They will set prices as they see fit, and price match guarantee, employee discounts, CC circulars, and the new one price guarantee are all out the window.”