Gothamist
A non-profit newsroom, powered by WNYC.
Gothamist
Listen Live
News
Circuit City Files for Chapter 11
By
Jen Chung
Published Nov 10, 2008
Modified Nov 10, 2008
Share
FacebookTwitterRedditEmail
Never miss a story
Email address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .
By
Jen Chung
Published Nov 10, 2008
Modified Nov 10, 2008
Share
FacebookTwitterRedditEmail
We rely on your support to make local news available to all
Make your contribution now and help Gothamist thrive in 2026. Donate today
Gothamist is funded by sponsors and member donations
One week after announcing 20% of its stores would close, electronic retailer Circuit City filed for Chapter 11 bankruptcy protection. CNBC reports it is "the largest retailer to file under Chapter 11 this year," after falling "victim to tighter credit terms from vendors and a loss of market share to Best Buy, Wal-Mart Stores, and other rivals." While the company is considering all options, it also owes $650 million to suppliers, like Sony, Zenith, Toshiba, Garmin and Nikon. A consultant told Bloomberg TV, "It's very incongruent for retailers to file bankruptcy before Christmas. You're gong to see a record number of retailer bankruptcies and closings." Dear Santa, Please go to the liquidation sales for my wish list...
Tagged
bankruptcy
Circuit City
electronics
Jen Chung
Jen Chung is a former WNYC and Gothamist editor.
Read more
Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
MORE news
Retired NYPD detective charged with murder in George Washington Bridge shooting
Police say a Rockland County man was fatally shot during what appeared to be a road rage incident on Tuesday night.
By
Charles Lane
Published Oct 21, 2026 at 4:26 p.m. ET
Modified Oct 21, 2026 at 5:43 p.m. ET
NYPD officer faces disciplinary trial 10 years after killing Delrawn Small
Officer Wayne Isaacs will go on trial in January on a charge that he used improper force when he shot and killed Delrawn Small in East New York in July 2016.
By
Ben Feuerherd
News
NYPD officer faces disciplinary trial 10 years after killing Delrawn Small
Officer Wayne Isaacs will go on trial in January on a charge that he used improper force when he shot and killed Delrawn Small in East New York in July 2016.
By
Ben Feuerherd
NYC adult daycare operators charged with committing over $500K in Medicaid fraud
By
Caroline Lewis
Port Authority eyes $117M fix to Manhattan roadway where falling debris smashed cars
By
Ramsey Khalifeh
Bronx couple starved their 3-year-old to death, indictment says
By
Catalina Gonella
Never miss a story
Catch up on the most important headlines with a roundup of essential NYC stories, delivered to your inbox daily.
Sign upEmail address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .