Circuit City Considering Big Cuts
October 20, 2008The Journal also reported that the troubled retail chain had retained the services of Skadden, Arps, Slate, Meagher & Flom LLP, the law firm that also assisted Kmart with its Chapter 11 reorganization.
Closing the stores would allow the company to liquidate their inventory and raise up to $350 million in cash.
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Yesterday, I posted a comment. My team consists of several former Crazy Eddie employees that helped launch Crazy Eddies back in 1970. We were not part of the group that went bankrupt. We also have all stayed in the retail or wholesale side of the CE and MAp industry. We also have one of the largest MAJAP DEALERS IN THE COUNTRY ASSISTING US. Our ideas for the future of Circuit City while rooted in experience are very innovative, creative and low risk. We know what it takes to drive consumers back into Circuits store fronts and have a host of ideas to help streamline Circuits future while expanding at the same time. Thanks for allowing me to explain Michael Cohen
An open letter to Circuit City. I represent a group of forward thinking former Crazy Eddie personel. We have been planning different types of comeback for quite some time. For salaries no bigger than what you are currently paying your old style management team we will come in and not only save your company but make it pass Best Buy in the process and become the number one CE retailer in America. Do you have anything to loose? Please contact me via e-mail. We have over 150 years of CE experience. Thanks Michael Cohen 602 703 2355