The economy has certainly done a number on many electronics companies.
Tweeter is reportedly trying to save $12 million per year by also closing its distribution centers. Circuit City, the No. 2 electronics retailer in the nation, meanwhile, has received approval from the bankruptcy court that will enable it to continue running its business.
While the two big-box retailers are not yet out of business, many in the industry believe it’s only a matter of time before the companies are defunct.
But it’s not like we haven’t seen this before. Big-box retailers have been going out of business for decades. Whether it’s due to poor management, competition, tough times or even crazy advertisements, big-box chains will always come and go.
We wanted to stir up some fond (or not so fond) memories of defunct electronics retailers of years past.