The fall of Circuit City was mainly a result of the prodigious belt tightening that took place in households across America during the depths of the recession. But the company's demise had its roots in poor management decisions dating back several years.
In 2007, for example, Circuit City laid off several thousand experienced sales people and replaced them with cheaper but less knowledgeable workers. That took a toll on customer loyalty, and ultimately benefited rivals like Best Buy.
Circuit City also found itself in the unfortunate position of having to compete with Wal-Mart as the world's largest retailer aggressively moved into the electronics market with low prices.
Meanwhile, the Circuit City brand has been resurrected online. Systemax Inc., a direct seller of consumer electronics, acquired the trademark and Internet domain name for Circuit City in April.