Troubled Chapter-11-bound consumer electronics retailer Circuit City says that not one but two serious prospective buyers have shown an interest in the company. The terms could be in the form of financing or outright purchase. Two firms are said to have completed due diligence and are talking price. Both Circuit City and rival Best Buy had rough December results.
RBR/TVBR observation: You’d think the DTV transition would be fueling record sales at these places, and sales could be even better if HD radio were getting any traction at all. The ailing economy has certainly put a hurt on electronics sales. Perhaps consumers will catch up on their digital equipment once things ease up a bit.