Circuit City Falls, Who's Next?

Today's announcement that Circuit City is filing the Chapter 11 comes just days after retail sales have had their worst month in years. What does it mean to you? It means that people are not buying the gadgets they used to between losing their jobs or having bills take up larger and larger shares of their income. This Christmas will be a very bad one for retailers, with people paring back because they do not know if they will be employed in January. We should be seeing more Circuir Cities when the retail numbers from Christmas come in.