If Circuit City is dependent upon Holiday Sales, it’s curtains. Holiday Sales this year may be the most dismal in 40 or 50 years.
Circuit City is curtains anyhow.
In bankruptcy, they really will have a hard time selling the warranty/service plans on their electronics. The warranties are what has the highest margins, not the products themselves.
Who is going to buy anything expensive at CC, knowing that if there is a problem with their purchase they are hosed? To overcome that, CC will have to sell their current inventory at cost or below. Also, what supplier is going to ship to them?