Las Vegas Sun

March 28, 2024

Valley’s four Circuit City stores among 567 to close

Beyond the Sun

Yet another casualty of the nation's economic slump reared its head Friday when Circuit City announced the company is closing its stores, including four in the Las Vegas Valley.

The company, which is the second-largest electronics retailer in the country, behind Best Buy, plans to close its 567 U.S. stores, which could leave as many as 30,000 people out of work.

"Regrettably for the more than 30,000 employees of Circuit City and our loyal customers, we were unable to reach an agreement with our creditors and lenders," James A. Marcum, acting chief executive officer for Circuit City Stores, said in a press release.

In Las Vegas, the company operates three stores: 3778 S. Maryland Parkway, 5055 W. Sahara Ave. and 7781 W. Tropical Parkway. There is one location in Henderson at 561 N. Stephanie St.

"Our doors are open and it's business as usual right now," a manager at the Maryland Parkway location said Friday. "But it's going to be a tough one." The manager declined to give her name and referred further questions to corporate public relations.

Circuit City filed for Chapter 11 bankruptcy protection in November as vendors started to restrict the flow of merchandise ahead of the busy holiday shopping season. The company had been seeking a buyer or refinancing of debt, but was unsuccessful.

The Richmond, Va.,-based company had already closed 155 stores in the U.S. in November and December. A bankruptcy judge had given the company permission to liquidate if a buyout was not made.

The store joins the ranks of Mervyns, CompUSA, the Sharper Image, Linens N' Things, KB Toys and a slew of other retailers that were hit hard by the economic downturn and forced to close.

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