Acording to blog Consumerist, which broke the story yesterday, Circuit City is planning to close 155 stores nationwide. The site has a copy of an internal letter from CC exec Steve Saunders that states that the company hasn't decided whether they'll offer severance pay to laid-off employees. As of the posting, the closures were still a rumor, but AP and other outlets have confirmed the news this morning. [Consumerist; AP]For more stories from Racked, go to racked.com.
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