Just last week Circuit City announced the closing of 155 stores which meant 155 fewer music stores. Today the retailer filed for Chapter 11 bankruptcy protection. According to the Associated Press:
"...the nation's second-biggest electronics retailer, filed for bankruptcy protection on Monday but plans to stay open for business as the busy holiday shopping season approaches.It filed under Chapter 11 of the bankruptcy code, which will allow it to hold off creditors and continue operations while it develops a reorganization plan. (more)
