Bankrupt Circuit City Stores Dec. 22 received court approval for $1.1 billion debtor-in-possession financing that will allow the Richmond, Va.-based consumer electronics chain to maintain operations and pay vendors, employees and related expenses, according to a filing.
NEW YORK — Despite some recent high-profile media criticism, reports of the death of the Blu-ray Disc format are highly exaggerated, according to industry experts speaking at the Content Delivery and Storage Association (CDSA) Media Market Intelligence Summit Dec. 16.
A non-traditional street date to close the year is nothing new in home entertainment, but some retailers say this year is especially hectic, with most every studio shunning Tuesdays for a title or two, instead choosing a Friday, Saturday or Sunday.
A VP of merchandising and operations with Fry’s Electronics was arrested last week by federal authorities on charges he allegedly embezzled more than $65 million from the San Jose, Calif.-based CE chain in a brazen scheme involving secret kickbacks from vendors.
