Days after being threatened with delisting from the stock exchange, Circuit City is to shut 155 stores after Christmas, according to tips send to The Consumerist.
This will be officially announced tomorrow at 8am, says our source. A scan we received of a letter distributed to CC employees helps corroborate the story. The tipsters say that store employees were told this morning. No information was provided at that time about severance pay. Employees in certain departments, like car installation, and Firedog, will likely be out of a job within 48 hours.
First CompUSA, now CC. I hope you like Best Buy! The liquidators are already in, according to more insider gossips, winding things up.
I was going to trot out the old gamer standby for this sort of thing, “Welcome to your Doom!” but it suddenly seemed terribly odd. Surely doom isn’t a particularly welcoming thing, even as the greek allusion to predestined fate rather than its modern sense of apocalyptic destruction. Can’t we welcome something to something nice, for a change? Then again, “Welcome to your puppies” doesn’t have quite the same ring to it.
UPDATED: Breaking: Circuit City Closing 155 Stores [Consumerist]