Red yard signs in front of the Circuit City store at Shelby Crossing say, "Ask Me About 36 Month Financing." ...more

January 17, 2009

BANKRUPT RETAILERS Experts expect even more retailers to file for bankruptcy or just liquidate in coming months as consumers keep tight control of their spending because of job worries and dwindling retirement accounts. ...more

January 17, 2009

Circuit City on Friday became the largest retailer to fall victim to the expanding financial crisis, announcing it will shut down its remaining 567 U.S. stores at the cost of 34,000 more jobs after failing to sell the business. ...more

January 17, 2009

Red yard signs in front of the Circuit City store at Shelby Crossing say, "Ask Me About 36 Month Financing." No one is sure how long that offer will stand. Circuit City Stores Inc., the nation's second-biggest consumer electronics retailer, said Friday it failed to find a buyer and will liquidate its 567 U.S. stores. ...more

January 16, 2009

Circuit City Stores Inc. said Friday it is in talks with two parties that could buy the company or provide additional financing for it to stay in business. ...more

January 10, 2009

Best Buy Co., the nation's largest consumer electronics chain, narrowed its fiscal 2009 adjusted earnings forecast Friday and said it will take an approximately $60 million fourth-quarter charge related to some employee buyouts. ...more

January 10, 2009

The holiday sales figures are in and, as expected, things were ugly at the nation's stores. ...more

January 9, 2009

Just a couple of weeks after the close of holiday spending, Wall Street is starting to forecast the financial carnage that retail stores will likely report soon. ...more

January 6, 2009

The lackluster holiday season and deepening recession will take a toll on retailers across the country. Experts are predicting the worst rash of store closings in 35 years. Already, Circuit City is operating under bankruptcy protection. KB Toys, Linens 'n Things and Mervyns announced last year they're going out of business. ...more

January 4, 2009

U.S. retailers face a wave of store closings, bankruptcies and takeovers starting next month as holiday sales are shaping up to be the worst in 40 years. ...more

December 30, 2008