Circuit City Stores Inc. filed for bankruptcy protection on Monday heading into the busy holiday season as analysts question whether the nation's second-biggest electronics retailer will be able to survive.
I don't think I ever shopped there. The article makes a point to recognize that CC's sizable DIP financing is positive in the eyes of vendors, but I'm not sure how valuable that is if consumers aren't spending. We can expect to see a lot more retail chains to be hurt badly by Great Depression 2.0. Many will disappear, never to return.
Nota bene: Anthony J. Alfidi does not hold (nor has he ever held) any position in CC.
