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Poor Circuit City, relic of the Eighties. You had your streak of amazingly depressing dark stores and creepy atmosphere, but then Best Buy came along and now things are just terrible for you. You've tried really hard to rescue yourself from sinking ever farther into the abyss. Your new stores feel like in many ways of copy of old Best Buy stores. Always trying to catch nowadays, aren't you? Well, it sounds as though things are not going your way anymore.
Circuit City isn't exactly profitable anymore. Hemorrhaging money is a good way to describe their current situation. Let's just say it is bad, really bad. It's bad enough where investors are expecting a bankruptcy declaration next week, and the NYSE is ready to delist them. Well, that just seems bad, doesn't it. Well, it seems as though things are going to get much, much worse.
Sony, you know, the people that do the PlayStation 3 (nee PLAYSTATION 3), have decided to abort shipments to Circuit City distribution centers while the shipments were in transit. They are afraid that Circuit City will not be able to make payment on those shipments, so... no new Sony Shipments for Circuit City. So, if you need a big box store to buy your Sony crap from, might want to try Best Buy from now on.
Why is this such a big deal? Because apparently several companies are waiting for one company to stop shipments so that they as well can stop shipments. If that is truly the case, then the road to bankruptcy is coming to its destination very, very soon. Stay tuned to that! You might get some amazing deals!
Sony Merch Bound for Circuit City Makes U-Turn [Updated] [Kotaku]
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