As has been anticipated for months, Circuit City announced this morning that they will begin liquidating and closing down all remaining U.S. stores. The chain filed for Chapter 11 bankruptcy protection in November 2008, but was unable to refinance its multibillion-dollar debt or find a buyer. The closings amount to 567 stores, 13 of which are in the Houston area, and a staggering 30,000 lost jobs nationwide. Basic math would indicate an average of 53 employees per store, or close to 700 jobs lost in Houston as a result. Equally depressing is the idea of all the "big box" Circuit City stores that will sit vacant and useless, with special respect to the so-new-you-can-still-smell-the-paint location at Bunker Hill and I-10 that never even opened. Got a Circuit City gift card for Christmas? First, slap the person that gave it to you. And when you're done, get out there and use it while you still can.
Results tagged “circuitcity”
Earlier this year, it was announced that Bed, Bath & Beyond competitor Linens-N-Things would be closing 120 stores across the country in an effort to cut costs and save their company from liquidation after declaring Chapter 11 bankruptcy in May. At that time, the only stores in Houston to be affected by the nationwide closures were the Post Oak location near the Galleria and the location inside the similarly-plagued West Oaks Mall.
So, say you want to participate in the rampant consumerism associated with Black Friday. We love that term by the way. It carries with it an appropriate sense of foreboding. What's that? You don't want to stand outside in the cold (predictions are it will be in the 40s Friday morning) with a gaggle of grumpy strangers? Well, your sister needs an iPod, so shut your pie hole and take our advice. This year's...
So suppose you're a megachurch and you're running out of space — what do you do? If you're a Houston church, you probably buy a strip center and start having classes and services there. For example, Tallowood Baptist Church, which took over a shopping center a few years ago and recently started having church in a former Circuit City store: