Fall of Circuit City leads to rise for those still standing

02/24/2009 | Investor's Business Daily

The demise of Circuit City, once the second-largest consumer-electronics chain in the land, will lead to a big sales bump for companies such as Best Buy and Wal-Mart. One analyst, Bradley Thomas of KeyBanc Capital Markets, predicted that Best Buy would pick up 25% of Circuit City's sales, which would tack $2.5 billion onto Best Buy's annual revenue.

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