Circuit City went bankrupt in 2008 and fully liquidated all around 567 US stores by early 2009, right in the middle of the financial crisis. part of it was self inflicted too, in 2007 they laid off thousands of their most experienced, and highest paid, salespeople to cut costs, which tanked customer service right before the recession hit. Best Buy ended up absorbing a lot of their market share. the brand has been revived a few times since as an online only retailer.
the layoff your best employees to save money move still gets cited as a case study in how not to cut costs
there was a circuit city near me growing up, remember it just being gone practically overnight