We all know by know that Circuit City is a world of hurt, with the recent bankruptcy and all, but what Sony Electronics President, Stan Glasgow, recently said about the retailer sums it up nicely.

I don’t see Circuit City going away, I don’t want to see it go away. Jay and I have seen in our years in the business that there hasn’t been a successful transition out of Chapter 11 by a [major CE] retailer. It is going to be a real challenge. If it happens, competitors would absorb their business.

The a summery of the interview that included talk about the economy and Sony Stores’ expansion is here.