The Wall Street Journal reported today that Circuit City is considering closing at least 150 stores in an attempt to avoid filing bankruptcy. The plan also includes the elimination of thousands of jobs.
For those who look for silver linings, the closing stores will be planning a liquidation sale of on-hand merchandise.
Update: cnet is already saying good-bye to Circuit City

[...] a week of announcing store closures, Circuit City has now filed for chapter 11 [...]
Circuit City Files for Bankruptcy | Voip Tech Chat
10 Nov 08 at 9:56 am