Circuit City

Sad and depressing, but it needs to be discussed. Circuit City customers need to understand how the company is handling their returns during this transitional period — as they transition from company to nothingness.

Circuit City has a long list of problems -bankruptcy and store closings are probably tops. Well, Samsung just added to their worries.

According to a U.S. bankruptcy court filing, Samsung is demanding that Circuit City return nearly $74 million in consumer electronics. Merry Christmas.

Just days after announcing that they're shutting down 155 stores and laying off thousands of employees, Circuit City just took another step towards the deep end of the pool. Today, Circuit City filed for chapter 11 bankruptcy.

Things are tough, especially in consumer electronics. Circuit City is really taking it on the chin.

Circuit City is getting lean and mean. Cutting the fat, drastically, so to speak. In perhaps a last ditch effort to stay afloat, the second biggest consumer electronics brick-and-mortar retailer is closing at least 150 stores.  That's huge — about 20% of the 712 stores located in the U.S.