Saturday, January 17, 2009
At 10 am this morning, crowds were gathering outside of Circuit City's Union Square Store. The company announced yesterday that it could not secure a buyer and that it would begin liquidation immediately. 30,000 jobs will be lost. Opening at Union Square today was delayed twice. It should be open at Noon. Although some had pie in the sky expectations, those in the know told me that initial discounts would be in the 10%-30% range.