I believe one of the reasons why these retailers are going out of business is because they had poor business models. They didn't have a well set out option of plans for making thier money. For that reason maybe they had some financial mix ups or something of that nature mess them up.
One source says that another reason why all these retailers are failing is because "the retail environment is rapidly deteriorating". They say because the economy is in trouble may be a reason why so many retailers cannot keep up with the financial struggle.
With stores like Circuit City it was hard to stay alive because there is so many competeing companies; such as Best Buy, Wal-mart and various online electronic sellers.
Stores like Goody's Family Clothing are under liquidation because they failed to restrucure terms with thier creditors. Failing retailers can be the effect for many of these reasons. Hopefully the economy will shoot back up on good terms and fix all these dying retailers.
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