According to an AP story on WSJ.com, Circuit City has "reached an agreement with liquidators on Friday to sell the merchandise in its 567 U.S. stores after failing to line up a buyer or a refinancing deal." As I noted before, Circuit City made a colossal blunder when it fired its most experience employees - a sign that it did not understand and did not care about its key intangible asset. That action is not the sole reason for the company’s utter failure. But it ranks up there as a major contributing factor.
Let us hope that others have learned a lesson.
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