Sixth Ave. Shuts Delaware Store

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Wilmington, Del. - Sixth Avenue Electronics has closed its Wilmington, Del., store, leaving it with nine locations in New York and New Jersey.

The 45,000-square-foot Delaware site was a former Circuit City location that Sixth Avenue acquired and re-opened in September 2009 as part of a foray into the greater Philadelphia area.

The family-held A/V specialty chain exited the Philly market in February and has since closed 10 of its 19 stores.

Operations VP Tom Galanis said the Delaware store was "a great location," but like other recently shuttered sites proved too large after the company dropped major appliances and industry momentum shifted to mobile handheld devices.

The retailer is also

contending with a $9.6 million suit

by GE's Commercial Distribution Finance unit, which claims the chain defaulted on its inventory finance credit line.


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