Lights Out in Circuit City

In analyzing why Circuit City went bankrupt and why I found these 2 articles to aid my analysis, Eight Reasons Why Circuit City Went Bankrupt by Peter Galuszka (http://blogs.bnet.com/ceo/?p=1493) and Circuit City to Shut Down by Parija B. Kavilanz (http://money.cnn.com/2009/01/16/news/companies/circuit_city/). After reading these articles and a few others I formed the conclusion that Circuit City went bankrupt because of poor managment mistakes and decisions such as firing experienced sales people, reacting to Best Buy rather than being innovative to compete with them. They were unable to stay in business because they could not find a supplier to sell merchandise to them because they wouldn't be able to pay for it in the end, especially since the credit market has frozen.