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Circuit City’s Prospects Mixed: AnalystsBy Alan Wolf, November 10, 2008New York — Analysts are spinning several scenarios for a post-Chapter 11 Circuit City and none of them are good. More
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Circuit City Files For Chapter 11 BankruptcyBy Alan Wolf, November 10, 2008UPDATED! Richmond, — A cash-starved Circuit City has filed for Chapter 11 bankruptcy protection and will continue to operate the business as a debtor in possession (DIP) with the help of $1.1 billion in financing from its current lenders. More
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Tweeter Files For Bankruptcy ProtectionBy Alan Wolf, November 5, 2008Canton, Mass. — Tweeter has filed for Chapter 11 protection in the United States Bankruptcy Court in Delaware. More
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Tweeter Files Shutdown NoticeBy Alan Wolf, November 4, 2008Canton, Mass. — Tweeter has notified a Massachusetts state agency that it is closing its headquarters here by Dec. 31 as part of a “permanent entire company closing.” More
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Circuit City In Credit Crisis, Closing 155 StoresBy Alan Wolf, November 3, 2008UPDATED! Richmond, Va. — Circuit City said new credit and payment terms imposed by vendors are becoming “unmanageable” for the company, making it difficult to order holiday inventory and prompting it to close 155 stores and exit 12 markets in an effort to save cash. More
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Tweeter Said To Have Shut Dist. CentersBy Joseph Palenchar, November 3, 2008Tweeter planned to close all of its distribution centers by last Friday in a move described by management to employees as saving up to $12 million per year, according to various industry sources. More
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Circuit City Bd. Member ResignsBy Alan Wolf, November 3, 2008Circuit City director Barbara Feigin has resigned after 14 years on the board. Her resignation was not related to any disagreement over the company's operations, policies or practices, the retailer said in an Oct. 28 filing with the Securities and Exchange Commission. Feigin, a strategic marketing and branding consultant, was an executive VP and worldwide director of strat... More
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Tweeter Sold To LiquidatorBy Joseph Palenchar, October 31, 2008Canton, Mass. – Tweeter was purchased by a liquidator Thursday night after closing all of its distribution centers and pushing all inventory out to its stores, TWICE learned. More
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Circuit City Reports Non-Compliance With NYSE Listing StandardBy TWICE Staff, October 30, 2008Richmond, Va. — Circuit City reported that it was notified by the New York Stock Exchange (NYSE) that it did not satisfy standards for continued listing of the company's common stock. More
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Circuit City Levels Pricing Across All ChannelsBy Alan Wolf, October 27, 2008Circuit City is pledging to offer consistent pricing for all its products whether they are sold in store, online or over the phone. More
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Circuit City Considering Store Closures, Layoffs: ReportBy Alan Wolf, October 20, 2008Richmond, Va. - Circuit City is considering closing at least 150 of its 712 stores and cutting thousands of jobs to stave off a Chapter 11 bankruptcy filing before the holiday selling season, according to a report in today’s Wall Street Journal. More
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Circuit City Bankruptcy Likely In ’09: AnalystBy Alan Wolf, October 13, 2008Cleveland, Ohio — A research analyst at KeyBanc Capital Markets, here, expects Circuit City to enter Chapter 11 bankruptcy protection as early as the first quarter of 2009. More
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Circuit City Halts New Stores, Could Close Current OnesBy Alan Wolf, September 29, 2008Richmond, Va. — Circuit City has taken itself off the auction block and will dramatically reduce new store openings following a $239 million net loss in its second fiscal quarter. More
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