Circuit City to Close 155 Stores Monday – Withdraw from Electronics Business

According to an insider news tip, Circuit City will be closing 155 stores this Monday and will be withdrawing from the consumer electronics business for good. Employees in most divisions within the company will find themselves unemployed within the next 48 hours. The source indicates, however, that warrantys purchased at the store will still be honored. This unfortunate news comes at the heels of a host of financial setbacks that has fallen on the company this past year.