If Circuit City were to fold, what impact would the void have on the CE industry?
Whether the retailer will disappear was anybody’s guess this week, but the situation didn’t look great, given Circuit’s balance sheet, the general lack of consumer confidence and the global credit crisis.
For Gary Yacoubian, president of MyerEmco Audio Video, the premise is flawed. “I don’t think they’re going away,” he said. “If they do go away, it’s not in the near term.”