Taking Advantage of Circuit City's Demise
Among its competitors, the death of Circuit City will help Best Buy and Walmart the most, followed by such discount retailers as Costco. That's according to an analysis published this week in Investors Business Daily.
Analysts told the paper that Best Buy should pick up about a quarter of Circuit City's business, which would add over $2 billion in revenue for the retailer. Walmart won't be far behind, especially because so many of Circuit City's customers already go there.
Retailers such as Costco, Target and hhgregg will also pick up some of the slack.