"Circuit City Stores Inc. said Thursday the New
York Stock Exchange has warned it that its stock price is not high
enough for continued listing. The NYSE said shares in the
nation's No. 2 consumer electronics retailer had an average closing
price of less than $1 over 30 consecutive trading days as of Oct. 22,
falling short of the exchange's requirement. ... Its shares have closed under a dollar in trading since Sept. 30, when
the stock closed at 76 cents. Shares rose a penny to close at 30 cents
in trading Thursday but fell a penny in aftermarket electronic trading
to 29 cents."
-- Associated PressOuch. I've said it before and I'll say it again: big-box, mass-merchandisers do not have the capability to adequately train staff to properly represent and sell modern consumer electronics. Always consider the small independent business owner that vies four your business. If you're fortunate enough to still have an independent home theater dealer, you should patronize them for business. Consider,
copperbox.com, family owned and operated since 1997 -- home theater guys that really know their stuff over a large product line.
And here's another casualty:
"Tweeter was purchased by a liquidator Thursday night after closing
all of its distribution centers and pushing all inventory out to its
stores, TWICE learned.
Company managers are currently being notified by conference call.
Last night, management held a conference call with top regional
personnel to inform them of the decision, according to sources with
close ties to the chain. The name of the liquidation company wasn’t
mentioned in that call.
This morning, TWICE phoned a Tweeter buyer, whose voice mail message said, “They have closed the corporate offices of Tweeter.” -- By Joseph Palenchar -- TWICE,10/31/2008