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services and home installation business), but it's difficult for a big chain to do that," he said.Opened in 1981, Thorne Group TSI now specializes in installing custom home entertainment systems, including audio, video and lighting, and security systems for residential, commercial and government clients.

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"We will begin liquidating Omega Speedmaster Pro Leather Strap

and lenders."The Associated Press reported that Circuit City is the nation's second largest consumer electronics retailer. The company had been seeking a buyer or a deal to refinance its debt.Circuit City announced Nov. 3, 2008, that it would close 155 stores and lay off 17 percent of its domestic work force by Dec. 31, 2008, and then Nov. 10, 2008, it filed for Chapter 11 bankruptcy protection."Unfortunately, Circuit City is going out of business," Rodriguez said. "They were Omega Seamaster Rubber Strap left with no other option."He said the company's Web site will close Monday."Another company will come in, and they will be responsible for liquidating the merchandise," he explained.The liquidation announcement is not good news for the electronics retail industry, said Jon Thorne, owner of Thorne Group TSI, formerly Thorne Electronics, 4657 S. 14th St."I, like the rest of the consumer electronics industry, hate to see that happen. It has an effect on all of us," Thorne said. "My heart goes out to the employees and stockholders."It's too bad it happened," he added. "We were expecting a 'white knight' to come in, but it didn't. It's a big blow to the industry, and I think it will have a far reaching impact on pricing and availability of products."Thorne said the closing of Circuit City will not have as much impact on his business because "we have changed our focus from a la carte retail to custom installs. That's the emphasis of our business now. It's worked out very well for us. You have to keep changing."Thorne changed the name of his business to Thorne Group TSI to reflect the change. TSI stands for Total System Integration."Circuit City tried to (change), such as when they started Firedog (a PC Omega Seamaster Rubber

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immediately," store Manager Raul Rodriguez said, "and we will shut our doors after the products are gone."The store has been open more than 10 years, he said, and employs about 40 full time and part time people, including at least two who have worked at the store since it opened.Rodriguez said gift cards will be accepted until the store closes, and warranties on products will continue to be honored."Warranties are not affected by this liquidation," he said. "They are backed by a third party. We use a third party vendor in town for our warranty work."Circuit City opened in 1949 as the Wards Co. in Richmond, Va. It made its first public offering of 110,000 shares in 1961, and it changed its name to Circuit City in 1984."This is the only possible path for our company," acting CEO James A. Marcum said in a statement released Friday. "We are extremely disappointed by this outcome. Regrettably for the more than 30,000 employees of Circuit City and our loyal customers, we were unable to reach an agreement with our creditors Omega Seamaster Aqua Terra Ladies Watch

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Circuit City will shut down

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