Circuit City Closes Stores

By Marcus Gilmer in News on Nov 3, 2008 4:20PM

The current financial meltdown has claimed another victim: Circuit City. The electronics chain will be shutting down 155 stores nationwide, including 14 in the Chicago area. The store at 1030 W. North Ave, in the Clybourn Corridor, will be the highest profile store of the area to close. Other locations shutting down include ones in Joliet, Bolingbrook, Niles, and Oswego. The stores that are being shut down will be closed tomorrow (Tuesday, November 4) but will reopen on Wednesday, November 5 to begin closing sales. New store openings are being reduced and existing leases are being renegotiated to help save money as well.