Circuit City loses credit agency approval
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Media General News Service
Published: October 8, 2008
Bernard Sands, a credit reporting company that advises manufacturers whether to ship goods to retailers, has pulled it recommendation from Circuit City Stores Inc. after the company reported last week $239 million in losses for the second quarter.
The recommendation was pulled because of concerns that the retailer might not be able to pay vendors.
Losing the recommendation could affect the company’s ability to get products that it sells.
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