Things are not looking good for Circuit City who just posted massive losses for Q1. The losses are triple for same store sales when compared to the previous last quarter even though Video Games Sales and Display Sales saw increases. This cannot be encouraging to stock holders or to prospective buyer Blockbuster. Once an ICON for Electronics Sales in the US, Circuit City has FACED tough competition from Best Buy, Fry's and Especially online retailers such as Newegg and Amazon. Can Blockbuster save CC? Is it really worth their time and money?
Videobusiness has the doom and gloom
HERE.