TITLE

Circuit City Files for Chapter 11

AUTHOR(S)
Schachter, Ken
PUB. DATE
November 2008
SOURCE
Red Herring;11/10/2008, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Circuit City has sought bankruptcy protection. The U.S. electronic retailer suffered from erosion of vendor confidence, decreased liquidity and global economic crisis, says its chief financial officer, Bruce Besanko. The company incurred net losses worth $319.9 million, and its stock price fell by 56 percent as of November 2008.
ACCESSION #
36586136

 

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