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Hot Issue: Financial Struggles

1/19/09
Circuit City Runs Out of Fuses

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Bankrupt Circuit City Stores Inc., unable to find a buyer, said Friday it will go out of business, closing its 567 U.S. stores and laying off its 34,000 workers. About $1.8 billion in retail inventory will be liquidated in sales lasting six to eight weeks. How much of Circuit City's liquidation was caused by internal factors versus external factors?

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