Yes, Circuit City is in trouble, they're closing 1/5 of their stores and laying off thousands of employees nationwide. It's possible that by 2009 the store will be just a footnote in our collective 20th Century nostalgia.
Anyone else remember this commercial? The idea of a kid having that much clout that they can just waltz into the adult world, present their case to a business-suited employee, and walk out of their with cash in hand...it's like a beautiful fantasy of what the free market can achieve.
But the dream could not last. Circuit City was ultimately done in by competition from Best Buy and some very shady HR practices, such as laying off 3,400 of their top-tier employees in order to replace them with lower paid workers. Capitalism: UR DOIN IT
Let's save our sympathy for all the red-shirted workers who are losing their jobs. If you go trawling for close-out deals, be cool to them. Times are tough.