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Circuit City loses credit agency approval
 
Wednesday, Oct 08, 2008 - 10:45 AM Updated: 08:54 PM
 
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Bernard Sands, a credit reporting company, is concerned that Henrico County-based Circuit City Stores Inc. might become unable to pay vendors.  Therefore, Bernard Sands has pulled its recommendation that manufacturers ship goods to the retailer after Circuit City last week reported a loss of $239 million for the second quarter.

A Circuit City spokesman said, "This action  has not caused any issues with getting product for the holidays."

The company, the spokesman said, would be in good shape after the holidays as well.

 

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