Circuit City was down, now outCircuit City(NYSE NYSE See: New York Stock Exchange : CC, Stock Forum) filed for bankruptcy protection Monday morning, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a report from Bloomberg and MarketWatch. The electronics retailer has been struggling for months against increasing competition from Best Buy (NYSE: BBY BBY Best Buy (stock symbol) BBY Before Battle of Yavin (Star Wars) BBY BeBeyond (Chinese online community) , Stock Forum) and Wal-Mart (NYSE: WMT (Windows Media Technologies) See Windows Media. , Stock Forum), said the report, while its share price has declined from about $30 two years ago to 25 cents as of the close on Friday. The bankruptcy report comes on the heels of a news release on November 3 in which the company announced that it would close 155 domestic segment stores, reduce future store openings and aggressively renegotiate certain leases. At that time, Circuit City stated that it was “considering all available options and alternatives to restructure its business.” It is clear now which alternative has been taken. 
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