Circuit City employee report: Inventory woes

Circuit City seems to be having big inventory issues right now. We know that the retailer is restructuring under Chapter 11 and recently received a $1 billion loan from BoA, but inventory issues are rampant according to a Circuit City employee email. This employee’s store is one of the largest in his state and that store still hasn’t received new CD and DVD releases this week. The latest inventory truck just dropped off a few HDTVs and nothing else; no computers, cameras, or car electronics and according to the computer system, none are on the way. Hopefully the $1 billion dollar loan will purchase inventory otherwise working at Circuit City this holiday season will be extra horrid.