Circuit City fails to find a buyer, files chapter 7 bankruptcy, will be liquidated. 35,000 job losses. Jason saw it coming last week, and it’s finally apropos of the Morbid Faildog:
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Mark Dowling // Jan 16, 2009 at 10:54 am
comments are thin at the moment – how about a follow up on the Hustler failout application?
Jason // Jan 16, 2009 at 11:05 am
I kind of shot my wad with the original story.
Lolo, ESQ // Jan 16, 2009 at 12:14 pm
maybe alyx should do an expose on our on location fact finding mission next month
Jason // Jan 16, 2009 at 12:26 pm
Hustler is all about exposés
Bill // Jan 16, 2009 at 2:15 pm
I read an article about this, which said
: The liquidation is the latest big blow to the nation’s malls, which have suffered from a rise in vacancies as a slew of chains from Mervyns LLC to Linens ‘N Things have liquidated. But analysts say that the demise of Circuit City, whose stores range in size from 20,000 to 25,000 square feet, will hurt the fortunes of mall operators even more.
“It will bring to market a glut of big box spaces across the country,” said John Bemis, head of Jones Lang LaSalle Inc.’s retail leasing team. “It will have one of the largest impacts on big box real estate across the country.”
Great… more giant empty mall spaces.
alyx // Jan 16, 2009 at 2:18 pm
I like that quote because it says both “blow” and “big box” in it.
Seriously, though, how many days ’til GGP bankruptcy?