It's made it through some tough times in the past (the other
DIVX, anyone?), but it looks like Circuit City
is now really up against the wall, and it's apparently considering some rather drastic measures to avoid becoming the largest retailer to enter bankruptcy protection in recent years. According to The Wall Street Journal, "people familiar with the company" say that Circuit City is contemplating closing at least
150 stores and making the associated high number of job cuts in order to get itself in a better position to shore up some much needed financing, which it has been unable to secure so far. To put things in a bit of perspective, before it packed up and went home
, Blockbuster offered to buy Circuit City in February of this year for $6 to $8 a share
. The company's share value as of this writing? 40 cents.