Monday, November 10, 2008
Circuit City Files For Chapter 11, Exiting Atlanta Market
Yes, we here at Repeat Atlanta area little late on this one, we'd like to look at it another way. With Circuit City leaving the Atlanta market just as CompUSA did a few years back and Incredible Universe did many years ago, is hhgregg next? Tweeter's hifi Buys has closed a number of stores in recent years leaving it with a single store in Alpharetta. It seems as though the only electronics merchants able to survive are the behemoth that is Best Buy, BrandsMart USA and Fry's Electronics. My question, what will happen with all these vacated spaces, many in prime shopping centers? Circuit City's store in Buckhead and hifi buy's former space near SOB are both great locations, but for whom? With even more retail closures expected next year, there may be an influx of prime real estate coming available all at the same time. But with the economy being what it is, its doubtful to think any new or expanding retailer would enter or expand their Atlanta presence. It seems that we will be left with eyesores galore. Repeat Atlanta!