Circuit City has announced plans to close 155 of its more than 700 U.S. stores in 28 states.
As the lights go out at about 20 percent of Circuit City's stores, the company is hoping that by closing hundreds of stores and cutting thousands of jobs it can survive consumers who are reluctant to spend and vendors less eager to give it credit.
Could bankruptcy be just around the corner for the nation's No. 2 consumer electronics retailer heading into a holiday shopping season that could determine its future.
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