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Circuit City

Six decades after opening its first store in Richmond, Virginia, Circuit City turned off the lights.

The electronics retailer had thwarted off unsolicited buyout offers, and then considered a deal with Blockbuster, before ultimately falling under the weight of slowing consumer spending on electronics and its shriveling market share, to file for Chapter 11 bankruptcy in November 2008.

At the time of the filing, Circuit City had more than 700 stores in 55 markets. By early 2009, the company liquidated $3.4 billion in assets and closed its doors for the last time.


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