ST Alpha - "Considering Circuit City already has Skadden Arps lined up as bankruptcy counsel, I'd say so" (Reading a Post)

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In response to "Most definitely, and don't be surprised to see a bunch of retailers (like Circuit City) close up shop -- nm" by decline

Considering Circuit City already has Skadden Arps lined up as bankruptcy counsel, I'd say so

Posted by Brian (aka trav007) Oct 30 '08, 06:13

my guess is they go Chapter 11 in January, and don't come out of it.

Value City, a regional retailer, just went Chapter 11 and is going to liquidate.

Responses:

and Linen's and Things just started their liquidation as well -- nm - decline Oct 30, 06:17 8
- Borders is also in trouble. -- nm - Diva Oct 30, 06:20 7
  - they send me discounts almost daily. -- nm - Mel Profit Oct 30, 06:24
  - Jeez, what stores *aren't* in trouble? -- nm - Don Homer Oct 30, 06:20 5
    - [deleted] 4
      - walmart's not in trouble, but they have cut back hugely on their spending and expansion.... - x Oct 30, 06:28
      - Circuit City and Best Buy are the same though. Why would one fail? LNT/BB&B are the same too. - ty97 Oct 30, 06:26 2
        
        I'm sure there are particular reasons why one retailer fails and another similar retailer survives - Brian Oct 30, 06:35
        
        CC failed because it had some of the worst mismanagement in the past 10 years -- nm - decline Oct 30, 06:31

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Considering Circuit City already has Skadden Arps lined up as bankruptcy counsel, I'd say so

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