According to a story on Bloomberg News this morning, struggling retailer Circuit City has decided to put itself up for sale. The company is opening its books to Blockbuster and other investors interested in an acquisition. If you recall, i posted a story last week about rumors of the company being on the verge of bankruptcy, which turn out to be untrue.
What does this mean for gift card holders? This is a bit of good news since any effort to keep the company alive means gifts cards will continue to be redeemed. However, as I have mentioned before, if you have a Circuit City gift card, now is the time to use it. Also, I do not recommend buying a Circuit City gift card until the company’s future is clear.